The glossary of terms is arranged alphabetically. Click on the letters below to find terms beginning with that letter.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Take-or-Pay: A clause in a gas supply contract that provides a minimum quantity of gas that must be paid for, whether or not delivery is accepted by the purchaser, for a specified period. Not generally included in contracts written today, since most contain a time period in which the buyer may take later delivery of gas without penalty.
Tariff: Compilation of all effective rate schedules for a company, along with general terms and conditions of service.
Therm: Unit of heating value equivalent to 100,000 Btu's.
Third Party Sales: Sales of natural gas that are ultimately resold to a third party.
Throughput: The volume of gas flowing through a pipeline.