Glossary of Terms

Acronyms and Abbreviations

Units of measure

The following definitions reflect those used by the International Energy Agency (IEA); definitions used by other organisations and publications may vary.


A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z


L.

light petroleum products

include liquefied petroleum gas (LPG), naphtha and gasoline.

liquefied natural gas (LNG)

natural gas that has been liquefied by reducing its temperature to -162°C at atmospheric pressure. In this way, the space requirements for storage and transport are reduced by a factor of over 600.

liquefied petroleum gas

refers to propane, butane and their isomer gases at atmospheric pressure and normal temperature.

liquidity

the ability to sell assets without significant movement in the price and with minimum loss of value.

low-carbon technologies

technologies that produce low – or zero – greenhouse-gas emissions while operating. In the power sector this includes fossil-fuel plants fitted with carbon capture and storage, nuclear plants and renewable-based generation technologies.

lower heating value

the heat liberated by the complete combustion of a unit of fuel when the water produced is assumed to remain as a vapour and the heat is not recovered.