Risk glossary

 

Carry forward

(Gas) If, in a given contract period (often a year), a buyer has taken more than the annual contact quantity then, if there is no accumulated make-up gas, the buyer can carry forward this excess for future use. The buyer may use the carry forward to offset the take-or-pay obligation, although there may be a limit to the amount of carry forward allowed in any given contract period.

  • LinkedIn  
  • Save this article
  • Print this page