Home > Term: prepayments
prepayments
These are payments for gas made to producers when the transmission company is unable to meet its contractual obligations to buy gas at a specified time. After the transmission companies' facilities are completed, the gas previously paid for is obtained from the producer over the period of the contracts as the producers' capacities permit.
- Part of Speech: noun
- Industry/Domain: Energy
- Category: Natural gas
- Company: AGA
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Creator
- JJD
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