Imported Liquefied Natural Gas Policy Act of 1983

Summary

Imported Liquefied Natural Gas Policy Act of 1983 - Amends the Natural Gas Policy Act of 1978 to provide that the just and reasonable rate for the acquisition of regasified imported liquefied natural gas by any natural gas company shall not exceed the average price for number six fuel oil during the most recent 90 day period. Authorizes the establishment of a just and reasonable rate for such gas in excess of the above rate (the average price for number six fuel oil) upon a determination that: (1) alternative domestic supplies of natural gas are not available in the market to which such liquefied natural gas is proposed to be delivered at the proposed price; (2) the source of supply of such liquefied natural gas is reasonably secure from interruption; and (3) the agreement under which such liquefied natural gas is supplied includes a provision for reducing the quantity or price, or both, of such imports, if circumstances change such that alternative domestic supplies at reduced prices become available.

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1 official file

• Introduced in Senate

  summary · EN · 1 February 1983

  Open at official source

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