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EITI glossary

This glossary is compiled by the EITI International Secretariat and is only provided as a resource.

License

A permission granted by a licensor to a licensee, usually for a time-bound period and for a fee.

License fee

A fee/tax which must be paid to obtain a license to operate.

Liquefied Natural Gas

Natural gas consisting of nearly pure methane that has been cooled to 162°C to become a liquid. LNG occupies about 1/600 of its volume as a gas. For short: LNG.

LNG

Liquefied natural gas: Natural gas consisting of nearly pure methane that has been cooled to 162°C to become a liquid. LNG occupies about 1/600 of its volume as a gas