Definition of Group name

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TeachMeFinance.com - explain Group name



Group name

The term 'Group name' as it applies to the area of energy can be defined as ' The DOE/EIA-assigned name identifying a composite supply source (i.e., commonly metered gas streams from more than one field), which is often the case in contract areas, field areas, and plants. A group name can also be a pipeline purchase (i.e., FERC Gas Tariff, Canadian Gas, Mexican Gas, and Algerian LNG). Emergency purchases and short term purchases are also group names. Group Code - The DOE/EIA-assigned code identifying a composite supply source'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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