Independent power producers
An entity that produces power (electricity) from his private power station. The power can be for his own use, to sell to the national electricity grid, to end consumers or for a combination of all three
Indicated reserves
That part of identified oil or gas resources in known productive reservoirs in existing fields in addition to measured reserves that are expected to respond to improved recovery techniques. Indicated reserves are usually included as part of inferred reserves
Industrial customer; Industrial consumer; Industrial sector
A consumer of energy for purposes of industry, usually manufacturing. An energy-consuming sector that consists of all facilities and equipment used for producing, processing, or assembling goods. This is one of three standard classifications for customers of commercial energy along with residential and commercial customers
Industrial gas turbine
A gas turbine is a heat engine that uses high-temperature, high-pressure gas as the working fluid. Part of the heat supplied by the gas is converted directly into mechanical work. High-temperature, high-pressure gas rushes out of the combustor and pushes against the turbine blades, causing them to rotate. In most cases, hot gas is produced …
Hydrocarbon dew point; Hydrocarbon dewpoint; Final Hydrocarbon dew point control
Natural gas is made up of a large number of discrete components from hydrogen to complex long chain hydrocarbons. Each component will have its own particular dew point. The hydrocarbon dew point is the temperature (at a given pressure) at which the hydrocarbon components of any hydrocarbon-rich gas mixture, such as natural gas, will start …
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Hydrofracking; Hydrofracturing
A well developed process that forces a chemical-laden solution deep into the rock, allowing natural gas to be released. The technique is being used inter alia to exploit the Marcellus Shale, one of America’s biggest natural gas formations
Incremental costs; Incremental energy costs
The additional cost of producing and/or transmitting electric energy above some previously determined base cost. The cost of the next kilowatt-hour of generated energy, also referred to in the industry as the next unit. Incremental costs change as production increases or decreases, but these changes don’t always occur in a predictable pattern. As an example, …
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Independent Power Plant
The Israeli Electricity Sector Law 1996 encourages competition in the country’s electricity sector, inter alia, by the establishment of small and medium size power stations financed and constructed by private entrepreneurs
Gross heating value
The quantity of heat in Btu produced by the complete combustion in dry air of one standard cubic foot of dry ideal gas and the condensation of all the water formed, with the initial and final temperature and pressure being 60 degrees Fahrenheit and 14.696 psia respectively. Usually contrasted with Net Heating Value
Mean; Gross mean resources of natural gas in the prospect
The petroleum resource management system (SPE-PRMS) divides the estimates to 3 possibilities groups: Low Estimate (P90) – There should be at least a 90% probability (P90) that the quantities actually recovered will equal or exceed the conservative (low) estimate. Best Estimate (P50) – There should be at least a 50% probability (P50) that the quantities …
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