Federal gas line agency issues LNG glossary

The federal office for Alaska gas line projects has issued a glossary of terms, industry jargon, acronyms and volume conversion tables to help people better understand the international world of natural gas and liquefied natural gas production, marketing, pricing and shipping.

The glossary includes definitions of terms familiar and unfamiliar to Alaskans, including Btus, billion cubic meters of LNG, dry gas, wet gas, floating LNG, free-trade agreements, front-end engineering and design, Japan-Korea marker, spot market, LNG trains and peak-shaving plants.

Larry Persily, federal coordinator for Alaska natural gas transportation projects, said the agency “prepared the glossary as part of our ongoing effort to share information on all aspects of Alaska LNG project development.”

The glossary is available at the agency’s website www.arcticgas.gov.

—Petroleum News