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Simple English definitions for legal terms
MMBTU
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A quick definition of MMBTU:
Term: MMBTU
Definition: MMBtu stands for one million British Thermal Units and is a standard unit used to measure natural gas in the oil and gas industry.
A more thorough explanation:
MMBTU
MMBtu is an abbreviation used in the oil and gas industry to represent one million British Thermal Units. It is one of the standard units used to measure natural gas.
Example 1: A natural gas company reports that it has sold 10 MMBtu of natural gas to a customer. This means that the customer has purchased 10 million British Thermal Units of natural gas from the company.
Example 2: A power plant uses 5 MMBtu of natural gas to generate electricity. This means that the power plant consumes 5 million British Thermal Units of natural gas to produce electricity.
MMBtu is a unit of measurement used to quantify the amount of natural gas being bought or sold. It is important for companies in the oil and gas industry to accurately measure the amount of natural gas being used or sold. The examples illustrate how MMBtu is used to measure the amount of natural gas being consumed or sold.