Natural Gas definition: Copy, customize, and use instantly
Introduction
The term "Natural Gas" refers to a fossil fuel primarily composed of methane, used in various industries for heating, electricity generation, and transportation. It plays a vital role in global energy markets and is a key element in efforts to transition to cleaner energy sources. Understanding its definition and use is crucial for contracts that address energy supply, environmental concerns, and regulatory compliance.
Below are various examples of how "Natural Gas" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Natural Gas" as a primary energy source
This definition ties "Natural Gas" to its role as a primary source of energy used in electricity generation and heating.
"Natural Gas" refers to a fossil fuel primarily composed of methane, used extensively in power generation, heating, and as an industrial feedstock.
Definition of "Natural Gas" in the context of environmental regulations
This definition connects "Natural Gas" to environmental regulations and its impact on greenhouse gas emissions.
"Natural Gas" means a cleaner-burning fossil fuel compared to coal or oil, often subject to environmental regulations aimed at reducing carbon emissions.
Definition of "Natural Gas" in energy trading agreements
This definition links "Natural Gas" to its use in energy trading contracts and pricing mechanisms.
"Natural Gas" refers to a commodity traded in energy markets, with its price fluctuating based on supply and demand factors.
Definition of "Natural Gas" for residential use
This definition applies "Natural Gas" to residential contexts, emphasizing its role in home heating and cooking.
"Natural Gas" means the supply of methane used in residential buildings for heating, cooking, and water heating purposes.
Definition of "Natural Gas" as a transportation fuel
This definition connects "Natural Gas" to its use as an alternative transportation fuel.
"Natural Gas" refers to compressed natural gas (CNG) or liquefied natural gas (LNG) used in vehicles as an alternative to gasoline or diesel.
Definition of "Natural Gas" in a commercial energy contract
This definition ties "Natural Gas" to its application in commercial energy supply contracts.
"Natural Gas" means the fuel supplied to commercial entities for heating, cooling, and powering industrial equipment.
Definition of "Natural Gas" as a by-product in industrial processes
This definition links "Natural Gas" to its role as a by-product in various industrial processes.
"Natural Gas" refers to methane and other hydrocarbons produced as by-products during the extraction of oil or through various industrial processes.
Definition of "Natural Gas" in drilling and extraction agreements
This definition applies "Natural Gas" to contracts related to its extraction from underground reserves.
"Natural Gas" means the methane-rich gas extracted from subterranean deposits, often in association with oil extraction.
Definition of "Natural Gas" in global energy policy
This definition connects "Natural Gas" to global energy policy discussions about reducing reliance on coal.
"Natural Gas" refers to a key element in global energy transitions, helping reduce reliance on coal and oil by serving as a bridge fuel.
Definition of "Natural Gas" in pipeline transportation agreements
This definition ties "Natural Gas" to its transportation through pipelines as part of energy delivery infrastructure.
"Natural Gas" means the hydrocarbon gas delivered through pipelines for use in residential, commercial, and industrial applications.
Definition of "Natural Gas" in financial derivatives contracts
This definition connects "Natural Gas" to the use of futures and options in financial markets.
"Natural Gas" refers to a commodity traded in futures and options markets, with its value derived from supply-demand dynamics and geopolitical factors.
Definition of "Natural Gas" in exploration and production agreements
This definition applies "Natural Gas" to its role in exploration and production agreements between energy companies.
"Natural Gas" means the gas extracted from natural reserves, typically through hydraulic fracturing or traditional drilling methods, for sale and distribution.
Definition of "Natural Gas" for large industrial facilities
This definition ties "Natural Gas" to its use in large-scale industrial applications.
"Natural Gas" refers to a primary fuel used in large industrial facilities for processes such as heating, steam generation, and electricity production.
Definition of "Natural Gas" in long-term supply contracts
This definition connects "Natural Gas" to long-term supply agreements for energy procurement.
"Natural Gas" means the volume of gas agreed upon for delivery under long-term supply contracts, typically involving fixed pricing or indexed adjustments.
Definition of "Natural Gas" in energy efficiency projects
This definition links "Natural Gas" to its role in energy efficiency initiatives aimed at reducing carbon footprints.
"Natural Gas" refers to the fuel used in projects focused on energy efficiency, such as high-efficiency boilers and combined heat and power (CHP) systems.
Definition of "Natural Gas" as an alternative to coal
This definition ties "Natural Gas" to its role in replacing coal in power generation to reduce emissions.
"Natural Gas" means a cleaner alternative to coal, used to reduce emissions in the generation of electricity and industrial heating.
Definition of "Natural Gas" for emergency backup power
This definition connects "Natural Gas" to backup power systems used during grid outages.
"Natural Gas" refers to the fuel used in backup power generators, providing emergency electricity supply when main power sources are unavailable.
Definition of "Natural Gas" in residential lease agreements
This definition applies "Natural Gas" to its inclusion in residential lease terms, especially related to utilities.
"Natural Gas" means the utility provided for heating, cooking, and other residential needs, typically included as part of lease agreements.
Definition of "Natural Gas" in corporate sustainability plans
This definition connects "Natural Gas" to corporate sustainability initiatives aimed at reducing the carbon footprint.
"Natural Gas" refers to a fuel source used in corporate sustainability programs, often chosen for its relatively low emissions compared to other fossil fuels.
Definition of "Natural Gas" in power purchase agreements (PPAs)
This definition links "Natural Gas" to its role in power purchase agreements between energy providers and consumers.
"Natural Gas" means the source of energy specified in power purchase agreements for electricity generation, particularly in gas-fired plants.
Definition of "Natural Gas" in oil and gas industry context
This definition ties "Natural Gas" to its integral role in the oil and gas industry.
"Natural Gas" refers to methane and other gaseous hydrocarbons produced during the extraction of crude oil and natural gas, often processed for energy use.
Definition of "Natural Gas" as a low-carbon energy option
This definition emphasizes "Natural Gas" as a low-carbon alternative to other fossil fuels.
"Natural Gas" refers to a relatively low-carbon fossil fuel used in energy generation, offering lower emissions compared to coal and oil.
Definition of "Natural Gas" in governmental energy policies
This definition links "Natural Gas" to energy policies implemented by governments for energy security and climate goals.
"Natural Gas" means the fuel addressed in government energy policies, focusing on its role in energy security and as a part of the transition to renewable energy sources.
Definition of "Natural Gas" in international trade agreements
This definition applies "Natural Gas" to its role in international trade and agreements.
"Natural Gas" refers to the commodity traded across borders under international agreements, with specific terms covering supply, pricing, and delivery.
Definition of "Natural Gas" in carbon capture projects
This definition ties "Natural Gas" to carbon capture and storage (CCS) technologies used to reduce emissions.
"Natural Gas" means the gas used in projects involving carbon capture and storage (CCS) technologies to mitigate environmental impact.
Definition of "Natural Gas" in energy storage systems
This definition connects "Natural Gas" to energy storage solutions like compressed natural gas storage.
"Natural Gas" refers to the fuel used in energy storage systems, such as compressed natural gas (CNG) storage for balancing supply and demand.
Definition of "Natural Gas" for industrial cogeneration
This definition links "Natural Gas" to its use in industrial cogeneration systems that produce both heat and power.
"Natural Gas" means the fuel used in industrial cogeneration plants, where it is burned to produce both electricity and heat for industrial processes.
Definition of "Natural Gas" in combined cycle power plants
This definition ties "Natural Gas" to its use in combined cycle power plants for improved energy efficiency.
"Natural Gas" refers to the fuel used in combined cycle power plants, where the exhaust heat is reused to generate additional electricity, improving efficiency.
Definition of "Natural Gas" in offshore drilling agreements
This definition applies "Natural Gas" to offshore drilling operations.
"Natural Gas" means the methane gas extracted from offshore reserves, typically used for domestic or international energy markets.
Definition of "Natural Gas" as a source of heating for district energy systems
This definition connects "Natural Gas" to district heating systems used for urban energy distribution.
"Natural Gas" refers to the fuel used in district energy systems, where it is burned to generate heat and distribute it throughout a city or region.
Definition of "Natural Gas" for future market predictions
This definition links "Natural Gas" to forecasts and market trends in the energy sector.
"Natural Gas" means the energy commodity whose future market value is influenced by factors such as geopolitical stability, climate policies, and technological advancements.
Definition of "Natural Gas" in gas field development
This definition connects "Natural Gas" to the development and exploitation of new gas fields.
"Natural Gas" refers to the methane gas extracted from newly developed gas fields, typically subject to exploration, drilling, and production processes.
Definition of "Natural Gas" in renewable energy integration
This definition links "Natural Gas" to its role in complementing renewable energy sources like solar and wind.
"Natural Gas" means the fuel used to balance the variability of renewable energy sources, such as providing backup power during low renewable energy generation periods.
Definition of "Natural Gas" in emergency response plans
This definition applies "Natural Gas" to emergency response scenarios where power and heating systems need to be restored.
"Natural Gas" refers to the fuel used in emergency backup systems, ensuring that critical infrastructure continues to operate during outages or natural disasters.
Definition of "Natural Gas" in regulatory compliance agreements
This definition connects "Natural Gas" to regulatory compliance in energy markets.
"Natural Gas" means the fuel subject to specific regulatory standards governing its extraction, transportation, and emissions in the energy industry.
Definition of "Natural Gas" for economic growth in developing regions
This definition ties "Natural Gas" to its role in economic growth through energy availability in developing regions.
"Natural Gas" refers to the energy source that supports industrialization and economic growth in developing regions by providing affordable and reliable energy.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.