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For example, US dollars or other currency per million British thermal units, thousand cubic feet, or 1,000 cubic meters. Note that, for natural gas price comparisons$, per million Btu multiplied by 1.025 = $ per Mcf of pipeline-quality gas, which is what is delivered to consumers.
The price of natural gas varies greatly depending on location and type of consumer. The typical caloric value of natural gas is roughly 1,000 BTU per cubic foot, depending on gas composition. Natural gas in the United States is traded as a futures contract on the New York Mercantile Exchange. Each contract is for 10,000 million BTU or 10 ...
In 2012, the United States produced 25.3 trillion cubic feet of marketed natural gas, with an average wellhead value of $2.66 per thousand cubic feet, for a total wellhead value of $67.3 billion. [2] In 2013, the country produced 30.0 trillion cubic feet (TCF) of marketed gas. [3] With 7,545 billion cubic feet (BCF), the leading gas-producing ...
Liquefied natural gas ( LNG) is natural gas (predominantly methane, CH 4, with some mixture of ethane, C 2 H 6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the volume of natural gas in the gaseous state at standard conditions for temperature and pressure .
The first oceangoing liquified natural gas tanker in the world was Methane Pioneer, which entered service in 1959 with a carrying capacity of 5,500 cubic metres (190,000 cu ft). LNG carriers of increasing size have been built since then, leading to the fleet of today, where giant Q-Max LNG ships sail worldwide that can each carry up to 266,000 ...
Qatar's natural-gas consumption in 2009 was approximately 745 billion cubic feet (21.1 billion cubic metres). During 2009, Qatar exported over 2.4 trillion cubic feet (68 billion cubic metres) of natural gas, 70% of which was LNG. Qatar currently exports about 2 billion cubic feet (57 million cubic metres) of natural gas per day to the UAE and ...
In 1994, the US National Institute of Standards and Technology (NIST) defined "gasoline gallon equivalent (GGE) [as] 5.660 pounds of natural gas." Compressed natural gas (CNG), for example, is a gas rather than a liquid. It can be measured by its volume in standard cubic feet (ft 3) at atmospheric conditions, by its weight in pounds (lb), or by ...
In northern California, Pacific Gas and Electric (PG&E) has underground storage capacity for about 100 billion cubic feet (2.8 × 10 9 cubic metres) of gas across three storage facilities. PG&E uses the storage to store gas when it is inexpensive in summer to use in winter when purchased gas is expensive.
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