Author: bomuo

Fee to be paid by LNG shippers for the use of a regasification terminal. Fees in 2002 were around $0.40 mmbtu and in 2008 are around $0.70 mmbtu in Europe. Main reason for the increase in the tariff is the higher cost of building the terminals due to higher steel prices, higher storage costs and the generally higher price tag on terminals

An oil and gas lease that expires after a specified period of time, regardless of whether oil, gas and/or other minerals are being produced

Pulling cables used on tension leg platforms used to ensure platform stability during operations