05.07.2009
Part of gas sales agreement (GSA) clause between gas supplier and gas consumer. For instance, if a gas Seller fails to deliver a proper nomination of Buyer, then the quantity not supplied which exceeds a (2%-5% – depending on how the sides manage their negotiations) daily operational tolerance will be considered shortfall gas and Sellers will supply an equal quantity of such shortfall gas in the following month at the shortfall price. The shortfall gas price should be at a discounted price (50%-90% discount rate depends on how the sides manage their negotiations) of the Contract Price.
When IEC knows in advance that it will not be able to supply the energy required at a specific time and in order to balance the grid, IEC is forced to initiate short power interruptions (up to one hour) equally distributed throughout the various parts of the country
In the energy sector this is the sale of energy stock with the expectation that the asset will fall in value. A speculative short position regading natural gas prices, is a bet gas prices will fall
Short term contracts in the natural gas field are usually between one month to one year, In the LNG sphere they are also known as Master Sales Agreement and can be on a cargo to cargo basis
A technique that stimulates production of a tight formation by setting off charges downhole that crack open the formation.