In fact, the first marketers were a direct result of interstate pipelines attempting to recoup losses associated with long term contracts entered into as a result of the oversupply problems of the early 1980s.
Marketers may be affiliates of producers, pipelines, and local utilities, or may be separate business entities unaffiliated with any other players in the natural gas industry.
Similarly, a marketer who plans on selling natural gas in the spot market for the next month may be worried about falling prices, and can use a variety of financial instruments to hedge against the possibility of natural gas being worth less in the future.
In U.S. and Canadian broadcasting, a localmarketingagreement (or local management agreement, or LMA) is an agreement in which one company agrees to operate a radio station or TV station owned by another licensee.
An LMA must also include the entire station's facilities (studio and all), as the FCC prohibits subleasing of only the frequency rights or transmitter plant.
LMAs in Canada cannot be implemented without the CRTC's approval.
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