Document background
The Gas Sales Agreement is a fundamental commercial contract used in the Irish energy sector to establish a legally binding framework for the sale and purchase of natural gas. This document is essential when parties need to formalize a long-term gas supply arrangement, typically used by gas suppliers, industrial consumers, and power generators. The agreement must comply with Irish energy regulations, including requirements set by the Commission for Regulation of Utilities (CRU) and relevant EU directives. It covers crucial aspects such as gas specifications, delivery points, measurement procedures, pricing mechanisms, operational requirements, and risk allocation between parties. The document is particularly important in the context of Ireland's energy market structure and its increasing focus on energy security and transition to renewable sources.
