Take or pay
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Glossary

Take or pay

Clause included in natural gas supply contracts, according to which the buyer is required to pay, either wholly or partially, the contractual price of a minimum quantity of gas shown in the contract, even in the case that it not take the gas.

  • Cash Flow
    Cash and cash equivalents generated by an entity over a certain period of time.

  • Cathode Protection
    Method of protection against corrosion for pipelines

  • Comprehensive income
    Includes both net income for the period and changes in equity, which are recognised in equity in accordance with international accounting standards.

  • Controllable fixed costs

    Fixed operating costs of regulated activities.

  • Core business revenue
    Income from selling goods and/or providing services that are integral to the core business.

  • Corporate Governance
    Set of rules that monitor and direct the management and control of an entity.

  • Derivatives

    Financial instruments with a price/yield profile that derives from the price/yield parameters of other major instruments.

  • Dividend
    Payment to shareholders.

  • Dividend payout
    Ratio between the dividend and net profit for the period.

  • EBIT
    Difference, in a given period, between sales, services revenues, other revenue, operating costs, amortisation, depreciation and impairment losses.

  • EBITDA
    Used by Snam in its internal and external presentations.

  • Energy efficiency
    Energy efficiency policies

  • Entry point (NN)
    Each of the points or local group of physical points of the National Gas Pipeline Network at which gas is delivered by the User to the Transporter.

  • Excise Duty
    Indirect tax
    ADDITIONAL LINKS

  • Gas Day
    Period of 24 consecutive hour

  • Gas pipeline
    Pipeline used for the transportation of natural gas

  • Inch
    Equal to 2.54 cm

  • Injection phase

    Period from 1 April to 31 October of the same year.

  • Investments
    Costs incurred for the acquisition of long-term assets where the useful life does not expire over one reporting period.

  • Phytodepuration
    Closed cycle phytodepuration systems fot the treatment of domestic wastewater at gas compressor stations
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updated
05 August 2016 - 16:41 CEST