THE GLOSSARY
A shared language for a new subject.
Plain-language definitions of the energy, tokenization, and evidence terms used across our field guides. Follow each reference for the full context.
- Asset claim
- A described entitlement associated with an asset or an obligation. The relevant documents need to identify what is owed, by whom, and under which conditions.
Read the context → - Base gas
- Gas maintained as operating inventory in underground storage to support pressure and deliverability. EIA distinguishes it from working gas.
Read the context → - Blockchain gas
- On Ethereum, a unit for measuring computational work. It is not a physical quantity of natural gas.
Read the context → - Commodity exposure
- A relationship between an instrument’s outcome and a commodity or reference price. Do not assume that exposure provides a right to physical delivery.
Read the context → - Counterparty
- The party on the other side of an obligation. In a research review, identify who actually owes delivery, payment, or another performance.
Read the context → - Custody
- Arrangements for holding or controlling access to an asset or digital record. Access to a token and rights to physical performance are separate review questions.
Read the context → - Deliverability
- A measure of how much gas a storage facility can withdraw over a specified period. It is different from total inventory or maximum storage capacity.
Read the context → - Delivery right
- A specified entitlement to request physical performance under defined terms, such as quantity, location, period, and applicable conditions.
Read the context → - ERC-20
- A common Ethereum token interface covering balances, transfers, allowances, and related events. It does not establish commodity backing.
Read the context → - Evidence register
- An editorial review tool listing the documents that support individual assertions, including origin, scope, effective period, version, and limitations.
Read the context → - Gas tokenization
- On this site, the proposed digital representation of specified natural gas-related rights. The precise underlying claim must be defined separately.
Read the context → - Inventory
- A recorded quantity held at a particular time. In gas-related research, distinguish actual inventory from a facility’s maximum capacity and a geological estimate.
Read the context → - Liquidity
- The practical ability to enter or exit an arrangement under its actual conditions. A transferable digital balance is not a guarantee of a willing buyer.
Read the context → - LNG
- Liquefied natural gas: natural gas cooled into liquid form for shipping and storage, with regasification used when returning it to gaseous delivery.
Read the context → - Natural gas
- A physical energy commodity consisting mainly of methane. It is a different concept from the gas used to describe computation on Ethereum.
Read the context → - Oracle
- A mechanism for supplying off-chain information to a smart contract. The correctness and scope of the supplied evidence still need examination.
Read the context → - Proved reserves
- Estimated hydrocarbon volumes recoverable with reasonable certainty under existing economic and operating conditions, based on geological and engineering evidence.
Read the context → - Real-world asset
- A broad descriptive label for an asset or claim beyond the digital ledger. The label alone does not specify a holder’s rights or prove backing.
Read the context → - Reconciliation
- A process of comparing records with the same scope, units, and relevant dates, then explaining or investigating differences.
Read the context → - Redemption
- A process for exercising or completing a defined claim. Its meaning, conditions, timing, and costs must come from the actual arrangement.
Read the context → - Resource estimate
- A broader estimate of a natural resource. EIA distinguishes proved reserves from other resource categories; the exact classification and assumptions matter.
Read the context → - Revenue right
- A described entitlement to a defined share of receipts or another payment calculation. The base, deductions, timing, and responsible party must be specified.
Read the context → - Smart contract
- Software that executes specified actions on a blockchain. Review the implementation and permissions separately from the underlying commodity obligation.
Read the context → - Storage capacity
- The maximum volume a facility can store under its defined operating conditions. Capacity is not the same as the actual gas held at a given time.
Read the context → - Token rights
- The actual holder entitlements described by the governing arrangement. A symbol, logo, network, or wallet display is not a substitute for those terms.
Read the context → - Working gas
- Gas in an underground storage reservoir above the base-gas level, distinguished by EIA from working gas capacity and total storage capacity.
Read the context →
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