The Natural Gas Act

The Natural Gas Act, enacted in 1938 and later amended, regulates the transportation and sale of natural gas across state lines in the United States. It aims to ensure fair access to pipelines and prevent monopolistic practices by establishing a framework where interstate natural gas activities are overseen by the Federal Energy Regulatory Commission (FERC). The Act promotes competition, sets rates, and ensures reliable supply, enabling consumers to have fair pricing and access. Essentially, it helps balance the interests of natural gas producers, pipeline companies, and consumers while maintaining a regulated and reliable energy market.