A Gas Sale Agreement is a fundamental commercial document used in Saudi Arabia to establish and govern the sale and purchase of natural gas between suppliers and buyers. The agreement is essential for businesses operating in the Kingdom's regulated gas market, where transactions must comply with both state regulations and Sharia law principles. It typically includes detailed provisions on gas specifications, delivery obligations, pricing mechanisms, measurement procedures, and operational requirements. The document is particularly important given Saudi Arabia's growing focus on gas utilization for industrial development and power generation, and must align with Saudi Aramco's gas master plan and the Kingdom's energy policies. This agreement type is commonly used for long-term gas supply arrangements and requires careful consideration of both technical and commercial aspects within the Saudi regulatory framework.
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1. Parties: Identification of the seller and buyer, including full legal names and registration details
2. Background: Context of the agreement, including brief description of parties' operations and purpose of the agreement
3. Definitions: Comprehensive list of defined terms used throughout the agreement
4. Sale and Purchase Obligation: Core obligations of parties including commitment to sell/buy gas quantities
5. Gas Specification: Required quality parameters and composition of the gas to be delivered
6. Delivery Point and Title: Specification of delivery point(s) and transfer of title and risk
7. Quantity and Nomination: Agreed quantities, nomination procedures, and flexibility mechanisms
8. Price and Payment: Gas price, payment terms, invoicing, and payment security requirements
9. Measurement: Gas measurement procedures, standards, and dispute resolution
10. Term and Termination: Duration of agreement, renewal options, and termination rights
11. Force Majeure: Definition of force majeure events and consequences
12. Liabilities and Indemnities: Allocation of risks and liabilities between parties
13. Governing Law and Dispute Resolution: Choice of Saudi law and dispute resolution mechanisms
14. General Provisions: Standard boilerplate clauses including notices, amendments, and assignments
1. Take-or-Pay: Include when buyer needs to commit to minimum purchase quantities with financial consequences
2. Transportation: Include when seller is responsible for gas transportation beyond delivery point
3. Security Package: Include when additional financial securities or guarantees are required
4. Development Plan: Include when gas supply is linked to specific field development
5. Commissioning: Include when new facilities need to be commissioned
6. Government Approvals: Include when specific government authorizations are required
7. Local Content: Include when Saudi local content requirements apply
8. Confidentiality: Include as separate section when extensive confidentiality provisions are needed
1. Schedule 1 - Gas Specification: Detailed technical specifications for gas quality and composition
2. Schedule 2 - Measurement Procedures: Detailed procedures for gas measurement and testing
3. Schedule 3 - Nomination Procedures: Detailed procedures for quantity nominations and scheduling
4. Schedule 4 - Price Calculation: Detailed formula and mechanisms for price calculation
5. Schedule 5 - Delivery Points: Technical description and drawings of delivery points
6. Schedule 6 - Form of Payment Security: Template for bank guarantees or other security documents
7. Schedule 7 - Operating Procedures: Detailed operational procedures and communication protocols
8. Schedule 8 - Contact Details: List of key contacts and authorized representatives
Relevant legal definitions
Clauses
Relevant Industries
Oil & Gas
Energy
Utilities
Petrochemicals
Manufacturing
Power Generation
Industrial Processing
Infrastructure
Relevant Teams
Legal
Commercial
Operations
Trading
Technical
Compliance
Business Development
Risk Management
Supply Chain
Regulatory Affairs
Relevant Roles
Commercial Manager
Gas Trading Manager
Legal Counsel
Contract Administrator
Business Development Manager
Operations Manager
Technical Manager
Risk Manager
Compliance Officer
Energy Trading Director
Supply Chain Manager
Chief Commercial Officer
Gas Supply Coordinator
Regulatory Affairs Manager
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