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Gulfstream Natural Gas System, L.L.C.
FERC Gas Tariff
Original Volume No. 1

First Revised Sheet No. 41
Superseding
Original Sheet No. 41


                              RATE SCHEDULE PALS
                          Parking and Lending Service
                                  (CONTINUED)


                  (b)   Lending Service.  Lending Service is an 
                        interruptible service which provides for (1) 
                        Shipper receiving Gas quantities from Transporter 
                        at delivery point(s) nominated by Shipper for 
                        delivery of loaned quantities of Gas; and (2) the 
                        subsequent return of the loaned quantities of Gas 
                        to Transporter, provided, however, that 
                        Transporter is not obligated to accept return of 
                        loaned Gas on the same Day and at the same 
                        point(s) at which the Gas is loaned.

                  (c)   If the Shipper receives parked quantities or 
                        returns loaned quantities at point(s) other than 
                        the point(s) at which the park or loan occurred, 
                        then Shipper and Transporter shall enter into a 
                        separate Transportation Agreement(s) to effectuate 
                        receipt or delivery of Gas from or to the new 
                        point(s).

            2.3   Service rendered under this Rate Schedule shall be 
                  provided for a minimum of a one (1) Day term.  The term 
                  shall be set forth on the Agreement executed between 
                  Shipper and Transporter.

            2.4   Transportation of Gas quantities for or on behalf of 
                  Shipper to or from the designated point(s) under the 
                  Agreement shall not be performed under this Rate 
                  Schedule.  Shipper shall make any necessary arrangements 
                  with Transporter and/or third parties to receive or 
                  deliver Gas quantities at the designated point(s) for 
                  Parking or Lending Service hereunder.

Issued by: P. Martin Teague, Assistant General Counsel
Issued on: July 12, 2004                      Effective on: August 11, 2004
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