01 POWER ISLAND / 01 CCPP / DOE_Global LNG Fundamentals_15.03.18

ACRONYMS AND DEFINITIONS

POSCO (Pohang Iron and Steel Company, Korea)

Pre-FEED (Pre-Front End Engineering Design

RFP (Request for Proposal)

SGX (Singapore Exchange)

SLiNG (SGX LNG Index Group)

Tenor (Time left for loan repayment or till bond maturity as used in the finance industry)

TEPCO (Tokyo Electric Power Company)

Tonnes (A tonne, or metric ton, is a unit of mass equaling 1,000 kilograms. In American English, a ton is a unit of measurement equaling 2,000 pounds. In non-U.S. measurements, a ton (the imperial measure) equals 2,240 pounds.)

TOP (Take or Pay) Take or Pay is a common provision in gas contracts under which, if the Buyer’s annual purchased volume is less than his purchase obligation (the Annual Contract Quantity minus any shortfall in the Seller’s deliveries, minus any Downward Quantity Tolerance), the Buyer pays for such a shortfall as if the gas had been received.

TPA (Third Party Access)

TSO (Transmission System Operator)

TCF (Trillion cubic feet)

TCM (Trillion cubic meters)

TTF (Title Transfer Facility)

SPA (Sales and Purchase Agreement)

SSLNG (Small-scale LNG)

SMEs (small-to -medium enterprises)

WA (Western Australia)

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