Gas Purchase Agreement Template for Singapore

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Key Requirements PROMPT example:

Gas Purchase Agreement

"I need a Gas Purchase Agreement for a 5-year supply arrangement starting March 2025, where we will be purchasing approximately 500,000 MMBtu annually from a Singapore-based supplier, with take-or-pay provisions and monthly pricing adjustments."

Document background

A Gas Purchase Agreement is a critical commercial contract used in Singapore's energy sector to establish long-term gas supply arrangements. This document is essential when parties seek to create a binding framework for gas trading, typically involving significant volumes and extended periods. The agreement must comply with Singapore's strict regulatory environment, including the Gas Act 2001 and EMA requirements. It covers crucial aspects such as quality specifications, delivery commitments, pricing mechanisms, and operational procedures, while addressing Singapore-specific requirements for gas trading and transportation.

Suggested Sections

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

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement including technical gas specifications and regulatory references

4. Gas Specifications: Quality and technical requirements of gas to be supplied, compliance with Gas Supply Code

5. Quantity and Delivery: Volume commitments, delivery points, scheduling, and compliance with Gas Network Code

6. Price and Payment: Pricing mechanism, invoicing, and payment terms

7. Term and Termination: Duration, renewal, and termination provisions

8. Force Majeure: Events excusing performance and related procedures

9. Regulatory Compliance: Compliance with Singapore Gas Act, EMA regulations, and environmental requirements

10. Warranties and Representations: Standard warranties including compliance with applicable laws and regulations

Optional Sections

1. Take-or-Pay Provisions: Minimum purchase obligations and related payment commitments

2. Transportation: Gas transportation arrangements and compliance with network codes

3. Carbon Credits: Treatment of carbon credits or environmental attributes

4. Change in Law: Provisions dealing with regulatory changes affecting the agreement

Suggested Schedules

1. Technical Specifications Schedule: Detailed gas quality specifications and testing procedures

2. Delivery Points Schedule: Technical details of delivery points and measurement equipment

3. Price Calculation Schedule: Detailed pricing formulae and adjustment mechanisms

4. Operating Procedures Schedule: Day-to-day operational procedures and protocols

5. Form of Performance Security: Template for any required performance bonds or guarantees

6. Regulatory Compliance Schedule: Details of applicable laws and regulations including Gas Act requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Energy and Utilities
Industrial Manufacturing
Petrochemicals
Commercial Real Estate

Relevant Teams

Legal
Commercial
Operations
Finance
Risk Management
Regulatory Compliance

Relevant Roles

Energy Trading Manager
Commercial Director
Operations Manager
Legal Counsel
Risk Manager
Procurement Manager

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Let's create your Gas Purchase Agreement

Authors

Alex Denne

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