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Definitions (469)
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downward quantity tolerance
The Downward Quantity Tolerance (DQT) is the amount by which a buyer may fall short of its full Annual Contract Quantity
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downward quantity tolerance
It must nevertheless take excess gas in subsequent years to make good its deficiency, before it is entitled to claim any Make Up Gas
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downward quantity tolerance
, the Buyer pays for such a shortfall as if the gas had been received. The Buyer may have the right in subsequent years to take the gas paid for but not received, either free or for an amount to refle [..]
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new york mercantile exchange
uses Henry Hub as the notional point of delivery for its natural gas futures contract. NYMEX deliveries at Henry Hub are treated in the same way as cash-market transactions. Many natural gas marketers [..]
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new york mercantile exchange
The world’s largest physical commodity futures exchange. Has existed for 130 years and pioneered the development of energy futures and options contracts in the 1970s.
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thermie
A term virtually identical to 1 Megacalorie but having 15°C as its base, used primarily in Spain.
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access
Access is a system under which market players are allowed to use capacity in a pipeline, network, gas store or other gas facility. Access is central to the implementation of gas market liberalisation [..]
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limited access
, Negotiated Access
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acid gas
Acid Gas is Natural Gas
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acq
Annual Contract Quantity
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