ADDITIONAL AUTHORITY RELATING TO THE ACQUISITION OF PETROLEUM AND NATURAL GAS.

SEC. 826. ADDITIONAL AUTHORITY RELATING TO THE ACQUISITION OF PETROLEUM AND NATURAL GAS. (a) Acquisition, Sale, and Exchange of Natural Gas.—Section 2404 of title 10, United States Code, is amended— (1) in subsection (a)— (A) in the matter above paragraph (1), by inserting “or natural gas” after “petroleum”; (B) in paragraph (1)— (i) by inserting “or natural gas market conditions, as the case may be,” after “petroleum market conditions”; and (ii) by inserting “or acquisition of natural gas, respectively,” after “acquisition of petroleum”; and (C) in paragraph (2), by inserting “or natural gas, as the case may be,” after “petroleum”; and (2) in subsection (b), by inserting “or natural gas” in the second sentence after “petroleum”. (b) Expansion of Exchange Authority.—Subsection (c) of such section is amended to read as follows: “(c) Exchange Authority.—The Secretary of Defense may acquire petroleum, petroleum-related services, natural gas, or natural gas-related services by exchange of petroleum, petroleum-related services, natural gas, or natural gas-related services.”. (c) Sale of Petroleum and Natural Gas.—Such section is further amended— (1) by redesignating subsection (d) as subsection (e); and (2) by inserting after subsection (c) the following new subsection (d): “(d) Authority To Sell.—The Secretary of Defense may sell petroleum or natural gas of the Department of Defense if the 107 STAT. 1712Secretary determines that the sale would be in the public interest. The proceeds of such a sale shall be credited to appropriations of the Department of Defense for the acquisition of petroleum, petroleum-related services, natural gas, or natural gas-related services. Amounts so credited shall be available for obligation for the same period as the appropriations to which the amounts are credited.”. (d) Technical and Clerical Amendments.— (1) Subsection captions.—Section 2404 of title 10, United States Code, is amended— (A) in subsection (a), by inserting “Waiver Authority.—” after “(a)”; (B) in subsection (b), by inserting “Scope of Waiver.—” after “(b)”; and (C) in subsection (e), as redesignated by subsection (c)(1), by inserting “Petroleum Defined.—” after “(e)”. (2) Section heading.—The heading of such section is amended to read as follows: “§ 2404. Acquisition of petroleum and natural gas: authority to waive contract procedures; acquisition by exchange; sales authority”.