The glossary of terms is arranged alphabetically. Click on the
letters below to find terms beginning with that letter.
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
Therm: Unit of heating value equivalent to
Third Party Sales: Sales of natural gas that
are ultimately resold to a third party.
Throughput: The volume of gas flowing through a