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Gas Market Liberalisation Reform

Abbreviations and acronyms

Abbreviations and acronyms

ACER

Agency for the Cooperation of Energy Regulators

bcf/d

Billion Cubic Feet per Day

bcm

Billion Cubic Metres

bcm/d

Billion Cubic Metres per day

BG

British Gas

CAM

capacity allocation mechanism

CMP

congestion management procedures

CNOOC

China National Offshore Oil Corporation

CNPC

China National Petroleum Corporation

EBB

electronic bulletin board

EFET

European Federation of Energy Traders

EIA

Energy Information Administration

ENTSOG

European Network of Transmission System Operators for Gas

EPA

Environmental Protection Agency

EU

European Union

FERC

Federal Energy Regulatory Commission

FT

firm transportation

FY

fiscal year

GIE

Gas Infrastructure Europe

GTM

Gas Target Model

GTS

Netherlands Gasunie Transport Service

H-gas

high-calorific gas

ICE

Intercontinental Exchange

IEA

International Energy Agency

IGU

International Gas Union

INGAA

Interstate Natural Gas Association of America

IPRO

Independent Price-Reporting Organisations

IT

interruptible transportation

LDC

local distribution company

L-gas

low-calorific gas

LNG

liquified natural gas

PAGE | 79

Gas Market Liberalisation Reform

Abbreviations and acronyms

NAESB

North American Energy Standards Board

NBP

National Balancing Point

NBS

National Bureau of Statistics of China

NCG

NetConnect Germany

NDP

network development plans

NDRC

National Development and Reform Commission

NEA

National Energy Act

NGA

Natural Gas Act of 1938

NGI

Natural Gas Intelligence

NGPL

Natural Gas Pipeline Company of America (owned by Kinder Morgan)

NMa

Dutch competition authority

NOC

national oil company

NRA

national regulatory authority

NYMEX

New York Mercantile Exchange

OECD

Organisation for Economic Co-operation and Development

OFGAS

Office of Gas Supply

Ofgem

Office of Gas and Electricity Markets

OFO

operational flow order

OTC

over-the-counter

PG&E

Pacific Gas and Electric

REMIT

Regulation on Wholesale Energy Markets Integrity and Transparency

SBS

System balance signal

SHPGX

Shanghai Petroleum and Natural Gas Exchange

SoCal Gas

Southern California Gas

TCF

trillion cubic feet

TPA

third-party access

TSO

Transmission System Operator

TTF

Title Transfer Facility

UK

United Kingdom

US

United States

UIOLI

“use it or lose it”

Y-o-y

year-on-year

PAGE | 80

INTERNATIONAL ENERGY

AGENCY

The IEA examines the full

IEA member

IEA association

spectrum of energy issues

countries:

countries:

including oil, gas and

Australia

Brazil

coal supply and demand,

renewable energy

Austria

China

technologies, electricity

Belgium

India

markets, energy efficiency,

Canada

Indonesia

access to energy, demand

Czech Republic

Morocco

side management and

Denmark

Singapore

much more. Through its

Estonia

South Africa

work, the IEA advocates

Finland

Thailand

policies that will enhance

France

 

the reliability, affordability

Germany

 

and sustainability of

Greece

 

energy in its 30 member

Hungary

 

countries, 8 association

Ireland

 

countries and beyond.

Italy

 

 

Japan

 

 

Korea

 

 

Luxembourg

 

 

Mexico

 

 

Netherlands

 

 

New Zealand

 

 

Norway

 

 

Poland

 

 

Portugal

 

 

Slovak Republic

 

 

Spain

 

 

Sweden

 

 

Switzerland

 

 

Turkey

 

 

United Kingdom

 

 

United States

 

 

The European

 

 

Commission also

 

 

participates in the

 

 

work of the IEA

 

Please note that this publication is subject to specific restrictions that limit its use and distribution. The terms and conditions are available online at www.iea.org/t&c/

Source: IEA. All rights reserved.

International Energy Agency

Website: www.iea.org

This publication reflects the views of the IEA Secretariat but does not necessarily reflect those of individual IEA member countries. The IEA makes no representation or warranty, express or implied, in respect of the publication’s contents (including its completeness or accuracy) and shall not be responsible for any use of, or reliance on, the publication. Unless otherwise indicated, all material presented in figures and tables is derived from IEA data and analysis.

This publication and any map included herein are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area.

IEA. All rights reserved.

IEA Publications

International Energy Agency

Website: www.iea.org

Contact information: www.iea.org/about/contact

Typeset in France by IEA - May 2019

Cover design: IEA

Photo credits: © Shutterstock

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