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