A resolution relating to the need to provide our Nation's natural gas consumers with immediate and long-term relief from rapidly increasing natural gas prices, by taking a number of actions to reduce or restrain such price increases, and by providing financial assistance to low-income consumers of natural gas.

Expresses the sense of the Senate that: (1) the Federal Energy Regulatory Commission should review administrative actions which could result in the modification of standard natural gas pipeline- producer purchase contracts; (2) pipelines and producers should renegotiate their contracts in order to reduce the rapid escalation of natural gas prices; and (3) available appropriations for direct financial assistance should be provided immediately to low-income natural gas consumers pursuant to the low-income energy assistance program established by the Low-Income Home Energy Assistance Act of 1981.