Home > Term: exchange transactions
exchange transactions
In a gas exchange between two parties, gas is received from (or delivered to) the first party in exchange for gas delivered to (or received from) the second party. An exchange provides a means for delivering gas supplies to a customer without the necessity of constructing and operating duplicative facilities. Central to the concept of an exchange is mutual benefits to the two parties engaging in the exchange. The transaction must involve reciprocal benefit or the trade of comparable values.
- Part of Speech: noun
- Industry/Domain: Energy
- Category: Natural gas
- Company: AGA
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- JJD
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