Noun
netback (countable and uncountable, plural netbacks)
(oil industry) Revenues received from the sale of oil or gas on spot market minus the costs of extraction, processing and transportation.
This exceeds the current international LNG netback prices of $6.34, and is too high to meet the $4 per gigajoule target price set by the federal government in its own plan for a "gas-fired" manufacturing recovery. Source: Internet
This is based on the fact that the refinery will buy crude oil at a netback price -- the price that the oil would earn on its way to export at the point it enters the EACOP pipeline. Source: Internet