### Question
How does NATURAL GAS POLICY define successor to an existing contract?


### Answer
Under *15 U.S.C. § 3301*, **successor to an existing contract** is defined as:

> any contract, other than a rollover contract, entered into on or after November 9, 1978, for the first sale of natural gas which was previously subject to an existing contract, whether or not there is an identity of parties or terms with those of such existing contract

#### Citation:
  - *15 U.S.C. § 3301*
  - Heading: **CHAPTER 60-NATURAL GAS POLICY**

