Home > Term: oil parity clause
oil parity clause
A clause in some gas purchase contracts that ties the price of gas in the absence of price controls to some fraction of the Btu equivalent of the price of No. 2 fuel oil, No. 6 fuel oil, or crude oil.
- Part of Speech: noun
- Industry/Domain: Energy
- Category: Natural gas
- Company: AGA
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Creator
- JJD
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