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Dictionary of Oil, Gas, and Petrochemical Processing
book

Dictionary of Oil, Gas, and Petrochemical Processing

by Alireza Bahadori, Chikezie Nwaoha, Malcolm William Clark
December 2013
Intermediate to advanced content levelIntermediate to advanced
478 pages
16h 29m
English
CRC Press
Content preview from Dictionary of Oil, Gas, and Petrochemical Processing
269
M
Mils per Year
Midstream (Operations): The area between upstream and downstream
operations. Usually includes pipelines.
Midterm Gas Contract: A supply contract in the physical market covering
gas deliveries up to 18 months, although most midterm contracts are for
1year or less. These contracts can be characterized by (1) variable prices,
where the cost of the commodity is indexed over time to the future price
of some published spot price; (2) xed reservation fee and service fee; and
(3)mainly xed volumes per day or per month with modest variation. These
contracts are of long enough term to hedge price risk with nanc ...
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Publisher Resources

ISBN: 9781466588257