Natural Gas Policy Act

The Natural Gas Policy Act of 1978 was a law designed to regulate the production, transportation, and pricing of natural gas in the United States. Its goal was to reduce government restrictions, encourage fair competition, and ensure a reliable supply of natural gas. By promoting market-based pricing and reducing federal control over natural gas prices, the Act aimed to balance the interests of consumers, producers, and the energy market, ultimately fostering a more efficient and competitive natural gas industry.