Home > Term: balancing agreement
balancing agreement
A contractual agreement between two or more legal entities to account for differences between chart measured quantities and the total confirmed nominated quantities at a point. They have been used to keep track of over/under production relative to entitlements between producers; over/under deliveries relative to confirmed nominations between operators of wells, pipelines and LDCs.
- Kalbos dalis: noun
- Pramonės šaka / sritis: Energy
- Category: Natural gas
- Company: AGA
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