nGenue Glossary
A collection of phrases, jargon, and terms that relates to nGenue application.
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W-Z
A
| Term |
Definition |
| Allocation |
The process of distributing natural gas among customers based on contract terms. |
| API (Application programming interface) |
A set of functions that allow software applications to communicate with nGenue. |
| Asset management |
The practice of monitoring and managing gas assets to optimize performance. |
| Automated nomination |
The process of automatically scheduling gas transportation based on demand. |
| Authorization |
The process of granting access to users within the nGenue system. |
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B
| Term |
Definition |
| Backhaul |
A transportation service where gas is moved opposite to the pipeline’s main flow. |
| Balancing |
Ensuring that the quantity of gas received matches the quantity delivered. |
| Bidding process |
The competitive method of acquiring gas contracts or capacity. |
| Billing cycle |
The recurring period in which invoices are generated for gas usage. |
| Business rules |
Configurable logic within nGenue to automate decision-making. |
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C
| Term |
Definition |
| Capacity release |
A process where shippers release excess pipeline capacity to other users. |
| City gate |
The point where natural gas is transferred from a pipeline to a local distribution company (LDC). |
| Contract management |
The process of handling agreements between gas suppliers and consumers. |
| Cost allocation |
The method of distributing costs among various gas operations. |
| Credit risk |
The potential financial loss due to a counterparty’s inability to pay. |
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D
| Term |
Definition |
| Daily demand forecasting |
Predicting the daily consumption of natural gas. |
| Data integration |
The process of combining data from multiple sources for analysis in nGenue. |
| Delivery point |
The location where natural gas is delivered to the buyer. |
| Demand charge |
A fixed fee paid for the reserved pipeline capacity. |
| Downstream |
Refers to activities related to gas distribution to customers. |
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E
| Term |
Definition |
| Electronic data interchange (EDI) |
The electronic exchange of business documents between trading partners. |
| End-user |
The final consumer of natural gas. |
| Energy trading |
The buying and selling of natural gas in the open market. |
| Exception handling |
The process of managing errors and unexpected scenarios in gas transactions. |
| Exchange rate |
The value of one currency in relation to another for international gas trading. |
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F
| Term |
Definition |
| Flow rate |
The volume of gas moving through a pipeline per unit of time. |
| Forecasting |
The process of predicting future gas demand. |
| Fuel adjustment |
The calculation of additional charges based on fuel consumption. |
| Fixed price contract |
A gas purchase agreement with a constant price for a set period. |
| Facility maintenance |
The upkeep and servicing of gas storage and distribution facilities. |
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G
| Term |
Definition |
| Gas day |
A 24-hour period used to measure natural gas delivery and consumption. |
| Gas scheduling |
The process of planning and confirming gas transportation. |
| Grid |
The network of pipelines and infrastructure for natural gas distribution. |
| Gas storage |
Facilities used to store natural gas for future use. |
| Gross margin |
The difference between gas sales revenue and associated costs. |
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H
| Term |
Definition |
| Hedging |
A risk management strategy used to offset potential losses in gas trading. |
| High-pressure pipeline |
A pipeline designed to transport gas under high pressure. |
| Hub |
A centralized point for gas trading and distribution. |
| Heat content |
The amount of energy contained in natural gas. |
| Hourly flow rate |
The volume of gas flowing through a pipeline per hour. |
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I
| Term |
Definition |
| Imbalance |
The difference between scheduled and actual gas volumes. |
| Invoice matching |
The process of validating invoices against transactions. |
| Interruptible service |
A flexible gas service with no guaranteed capacity. |
| Inventory management |
Tracking and managing stored natural gas. |
| Injection rate |
The rate at which gas is injected into storage facilities. |
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J
| Term |
Definition |
| Joint venture |
A partnership between companies to manage gas assets. |
| Just-in-time delivery |
A supply chain strategy to deliver gas exactly when needed. |
| Jurisdictional pipeline |
A pipeline subject to government regulations. |
| Jetting |
The process of removing impurities from pipelines. |
| Joule-Thomson effect |
A thermodynamic effect observed in gas compression and expansion. |
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K
| Term |
Definition |
| Kilowatt hour (kWh) |
A unit of energy measurement. |
| Key performance indicators (KPI) |
Metrics used to assess gas system efficiency. |
| Kinetic energy |
Energy associated with gas movement. |
| Knockout drum |
A device used to remove liquids from gas streams. |
| Knowledge base |
A repository of gas industry information. |
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L
| Term |
Definition |
| Load balancing |
The process of distributing gas supply to meet demand. |
| Line pack |
The volume of gas stored within a pipeline. |
| Liquefied natural gas (LNG) |
Natural gas that has been cooled to a liquid state for transport. |
| Lease agreement |
A contract that allows the use of gas infrastructure. |
| Loss factor |
The percentage of gas lost during transportation. |
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M
| Term |
Definition |
| Market price |
The current price at which natural gas is bought or sold. |
| Metering station |
A facility that measures the quantity of gas flowing through a pipeline. |
| Monthly nomination |
The process of scheduling gas deliveries on a monthly basis. |
| Margin analysis |
The evaluation of profit margins in gas trading. |
| Measurement standards |
Industry regulations for measuring gas volumes. |
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N
| Term |
Definition |
| Natural gas liquids (NGLs) |
Hydrocarbons separated from natural gas during processing. |
| Netback price |
The price received for gas sales after deducting transportation costs. |
| Nomination cycle |
The process of scheduling and confirming gas transport. |
| Network capacity |
The available volume for gas transportation within a pipeline system. |
| Non-core customers |
Industrial or commercial gas users without guaranteed supply. |
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O
| Term |
Definition |
| Off-peak demand |
The period when gas consumption is lower than usual. |
| Open access |
A regulatory framework that allows third parties to use gas infrastructure. |
| Operating margin |
The difference between revenue and operating costs in gas trading. |
| Outage planning |
The scheduling of maintenance for gas infrastructure. |
| Overrun charge |
A fee imposed when gas usage exceeds contractual limits. |
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P
| Term |
Definition |
| Pipeline capacity |
The maximum volume of gas a pipeline can transport. |
| Price hedging |
A risk management strategy to lock in gas prices. |
| Peak shaving |
The practice of using stored gas to meet peak demand. |
| Processing plant |
A facility that removes impurities from natural gas. |
| Procurement strategy |
The approach used to acquire natural gas supplies. |
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Q
| Term |
Definition |
| Quality control |
The process of ensuring gas meets industry standards. |
| Quota system |
A regulation that limits the volume of gas supplied. |
| Quarterly nomination |
Scheduling gas deliveries on a quarterly basis. |
| Quantitative risk analysis |
The evaluation of risks in gas trading using numerical data. |
| Queue time |
The waiting period before gas is delivered. |
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R
| Term |
Definition |
| Rate structure |
The pricing model for natural gas services. |
| Renewable natural gas (RNG) |
Biogas upgraded to meet natural gas standards. |
| Receipt point |
The location where natural gas enters a pipeline system. |
| Regulatory compliance |
Adhering to government rules in gas operations. |
| Reservation charge |
A fixed fee for reserving pipeline capacity. |
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S
| Term |
Definition |
| Storage facility |
A site used to store natural gas. |
| Spot market |
A market where gas is bought and sold for immediate delivery. |
| System balancing |
The management of gas supply and demand in real-time. |
| Supply contract |
A legal agreement for gas purchasing. |
| Swing contract |
A flexible gas supply agreement allowing volume variations. |
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T
| Term |
Definition |
| Transportation tariff |
The fee for moving gas through a pipeline. |
| Trade settlement |
The finalization of gas transactions. |
| Transmission pipeline |
A large pipeline that moves gas long distances. |
| Temperature correction factor |
A variable used to adjust gas volumes based on temperature. |
| Throughput |
The total volume of gas transported over a given period. |
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U
| Term |
Definition |
| Underground storage |
A facility for storing natural gas below the surface. |
| Upstream operations |
Activities related to gas extraction and production. |
| Usage factor |
A measure of gas consumption efficiency. |
| Utility company |
A business that provides natural gas services. |
| Unbundled services |
Gas services offered separately rather than as a package. |
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V
| Term |
Definition |
| Volume allocation |
The process of distributing gas among users. |
| Variable pricing |
A pricing model that fluctuates based on market conditions. |
| Vapor recovery unit |
Equipment used to capture gas emissions. |
| Valuation model |
A method for assessing gas assets. |
| Virtual pipeline |
A system that transports gas without using pipelines. |
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W-Z
| Term |
Definition |
| Wellhead price |
The price of natural gas at the production site. |
| Wholesale market |
A market where gas is sold in bulk quantities. |
| Working gas |
The portion of stored gas available for use. |
| Zone pricing |
The practice of setting gas prices based on location. |
| Zero-emission gas |
Gas that does not produce harmful emissions. |
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