S.Amdt. 1507

1. Adds Subtitle D--Preservation of Availability of Natural Gas-Base Liquefiable Hydrocarbon Supplies in Concert With Pipeline Operational Safety and Environmental Protection SEC. 151. NATURAL GAS LIQUIDS on page 90, between lines 15 and 16

   Adds a sectionPrinted page

   Inserted: Subtitle D--Preservation of Availability of Natural Gas-Base Liquefiable Hydrocarbon Supplies in Concert With Pipeline Operational Safety and Environmental Protection SEC. 151. NATURAL GAS LIQUIDS.

   Inserted: (a) Definitions.--In this section:

   Inserted: (1) Commission.--The term "Commission" means the Federal Energy Regulatory Commission.

   Inserted: (2) Dependent industry.--

   Inserted: (A) In general.--The term "dependent industry" means an industry that is dependent on receiving supplies of liquefiable hydrocarbons transported in interstate commerce.

   Inserted: (B) Inclusions.--The term "dependent industry" includes--

   Inserted: (i) the petrochemical industry, with respect to ethane and other natural gas-based feedstocks;

   Inserted: (ii) the propane-butane distribution industry, with respect to propane and propane-butane mixes delivered to residential and agricultural users for use in heating; and

   Inserted: (iii) the refining-blending industry, with respect to the manufacture of gasoline and other motor fuels.

   Inserted: (3) Liquefiable hydrocarbon.--

   Inserted: (A) In general.--The term "liquefiable hydrocarbon" means a hydrocarbon in natural gas that is capable of being separated from the natural gas through--

   Inserted: (i) absorption;

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   Inserted: (ii) condensation;

   Inserted: (iii) adsorption; or

   Inserted: (iv) any other method of separation used in a natural gas processing or cycling facility.

   Inserted: (B) Inclusions.--The term "liquefiable hydrocarbon" includes--

   Inserted: (i) ethane;

   Inserted: (ii) propane;

   Inserted: (iii) butane; and

   Inserted: (iv) a heavier hydrocarbon that is commonly referred to as a condensate, natural gasoline, or liquefied petroleum gas.

   Inserted: (b) Regulations.--

   Inserted: (1) In general.--Not later than 270 days after the date of enactment of this Act, the Commission shall promulgate regulations applicable to the transportation of natural gas in interstate commerce that require the extraction from natural gas streams of liquefiable hydrocarbons in quantities that are sufficient--

   Inserted: (A) to protect against the formation of liquids in downstream delivery systems for natural gas that interfere with the safe and efficient operation of those delivery systems; and

   Inserted: (B) to ensure the availability of historical levels of the extracted liquefiable hydrocarbons to dependent industries.

   Inserted: (2) Requirements.--The regulations promulgated under this subsection may be structured--

   Inserted: (A) to require the extraction of excess liquefiable hydrocarbons from a natural gas stream before receipt of the natural gas by an interstate transporter of natural gas; or

   Inserted: (B) to permit the extraction to occur at 1 or more processing plants that are located--

   Inserted: (i) on the delivery system for the natural gas; and

   Inserted: (ii) downstream of the point of receipt of the natural gas by the interstate transporter.

   Inserted: (3) Protection from economic loss.--To the maximum extent practicable, the Commission shall, in accordance with regulations promulgated under this subsection, provide for the protection of a transporter of natural gas described in paragraph (2) from any economic loss suffered by the transporter as a result of the requirement that the natural gas stream of the transporter be subject to the extraction of excess liquefiable hydrocarbons described in paragraph (2).

   Original wording

   On page 90, between lines 15 and 16, insert the following:

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As printed