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Egan Hub Storage, LLC
Not a critical notice
03:47:25 PM
09:00:00 AM
03:47:25 PM

No response required


Notice Text:

Egan Hub Storage, LLC ("Egan Hub") will have 146,210 Dekatherms ("Dth") of natural gas available for sale to be delivered ratably beginning April 9, 2020 through the remainder of the month at any of its interconnects or through a title transfer of gas in storage. Egan Hub will receive bids up to the total quantity of 146,210 Dth for the remainder of the month of April 2020, from any party whose senior unsecured, non-credit enhanced debt (or the debt of its guarantor) has an investment-grade rating from S&P or Moody's, or who otherwise adequately demonstrates its creditworthiness to Egan Hub. Bids are due by 9:00 a.m., Central Time on Wednesday, April 8, 2020, and shall be submitted by email to Bid email should include daily volume (if applicable), location, and fixed price. Only fixed price bids will be accepted. To qualify as a valid bidder, a party must already have a completed Base Contract for Sale and Purchase of Natural Gas ("Gas Sales Agreement") with Egan Hub. A blank version of the form is available below on this website. The Gas Sales Agreement must be signed by a person authorized to bind the bidder, and any such signed agreement shall constitute an offer to purchase that may be accepted by Egan Hub countersigning and returning such Gas Sales Agreement by email. Egan Hub reserves the right to reject any bid(s) that includes special provisions to the Gas Sales Agreement.

This notice does not constitute an offer by Egan Hub to sell gas to any party. Egan Hub reserves the right, in its sole discretion and without disclosing the reasons therefore, to accept a bid partially (with respect to a portion of the quantity); to reject or counter any or all bids; to postpone, cancel, or extend the dates involved in the process; to enter into negotiations with one or more bidders or third parties at any time; and to accept a bid without affecting the status of any other bid.

For more information, please contact your Account Manager.

Download File: Egan Base NAESB.doc