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Natural Gas

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Ideal Gas Law

The Ideal Gas Law is an equation that describes the behavior of natural gas in a pipeline system; specifically, the relationship between...

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Incentive regulation

In some areas, traditional cost-of-service regulation is being supplemented with incentive regulation also known as performance-based...

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Industrial customer class

Gas and electric utility rate structures and regulatory rules typically classify industrial customers as a unique class. Industrial...

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Interstate pipeline company

In the United States, the term interstate pipeline company refers to a gas pipeline that crosses state lines. Pipelines that stay within...

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Investor-owned utility (IOU)

Investor-owned utilities, or IOUs, are for-profit corporations owned by either public or private shareholders. Most are publicly owned...

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LNG delivery system

As shown in the graphic above, the LNG delivery system comprises three sectors: liquefation, shipping, and regasification. Liquefaction...

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LNG history

Natural gas liquefaction was first demonstrated by British scientist Michael Faraday in 1845. The first practical compressor...

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LNG safety

The key safety issues for LNG relate to the consequences of an LNG spill. Most significant is the potential for ignition of an LNG pool...

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LNG storage

The advantage of LNG is that the significant reduction in volume when natural gas is liquefied makes it practical to store. LNG is stored...

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LNG units

LNG units can be complex because different units are used to measure natural gas in its gaseous and liquid forms. And since LNG is a...

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Lease condensate

Lease condensate (commonly called condensate or condy and sometimes called natural gasoline) is an oil-like hydrocarbon that is separated...

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Lease facility

After natural gas is produced at the well, piping is connected to the wellhead so the gas can flow to a lease facility where it is...

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Line pack

Line pack is natural gas that is stored within the pipes of a gas transmission or distribution system. Line pack is used by gas system...

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Liquefaction

Liquefaction is the process of converting natural gas (methane) from a gas to a liquid by cooling the gas to a temperature of about...

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Liquefied natural gas (LNG)

Natural gas (methane) is in a gaseous state at normal temperatures and pressures. Liquefied natural gas (LNG) is natural gas that has...

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Load forecasting

Load forecasting is the process of creating a forecast of the amount of gas or electric load expected on a system during a specified...

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Local distribution company (LDC)

A local distribution company, or LDC, is the gas utility that transports and distributes gas from the citygate to end users. LDCs may...

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Lost and unaccounted for (LAUF or LUAF) gas

The difference between the quantity of natural gas received into a gas pipeline or distribution system (including gas received from...

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Manufactured gas

Manufactured gas (also historically called “town gas”) is a form of natural gas produced from coal or oil. It can be used as a substitute...

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Mark-to-market (MTM)

The market-to-market (MTM) value of a portfolio of physical and financial assets is the current value of the portfolio if it were...

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