The Gas Sale Agreement serves as the primary commercial instrument for natural gas transactions in Pakistan's energy market. This document is essential when establishing long-term gas supply arrangements between producers, distributors, and end-users, typically used for volumes exceeding 1 MMSCFD (Million Standard Cubic Feet per Day). The agreement must comply with Pakistan's regulatory framework, including OGRA regulations and the Petroleum Act, while addressing critical aspects such as delivery commitments, quality specifications, pricing mechanisms, and operational procedures. It's particularly relevant in the context of Pakistan's growing energy demands and the government's emphasis on securing stable gas supply chains for industrial and power generation sectors.

1. Parties: Identification and details of the seller and buyer

2. Background: Context of the agreement, including relevant licenses and authorities

3. Definitions and Interpretation: Definitions of terms used and rules of interpretation

4. Sale and Purchase Obligation: Core obligations of gas sale and purchase, including exclusivity provisions

5. Term and Termination: Duration of agreement, conditions for renewal, and termination rights

6. Quantity: Daily Contract Quantity (DCQ), Annual Contract Quantity (ACQ), and flexibility provisions

7. Delivery Point and Title: Specification of delivery point and transfer of title/risk

8. Quality: Gas quality specifications and measurement standards

9. Price and Payment: Gas price, calculation methodology, invoicing, and payment terms

10. Maintenance and Outages: Planned and unplanned maintenance provisions

11. Seller's and Buyer's Obligations: Key operational and commercial obligations of both parties

12. Metering: Requirements for measurement equipment and procedures

13. Force Majeure: Force majeure events and consequences

14. Liability and Indemnity: Allocation of risks and liability between parties

15. Assignment: Rights and restrictions regarding assignment of the agreement

16. Confidentiality: Protection of confidential information

17. Governing Law: Application of Pakistani law and jurisdiction

18. Dispute Resolution: Procedures for dispute resolution including arbitration

19. Notices: Communication procedures and contact details

20. General Provisions: Standard boilerplate clauses including severability, entire agreement, etc.