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Natural gas prices have surged nearly 25% over the last month. Energy experts attribute the rise to cold weather expected in January and geopolitical issues around the globe. The cold temperatures ...
Compressed natural gas (CNG) is a fuel gas mainly composed of methane (CH 4), compressed to less than 1% of the volume it occupies at standard atmospheric pressure.It is stored and distributed in hard containers at a pressure of 20–25 megapascals (2,900–3,600 psi; 200–250 bar), usually in cylindrical or spherical shapes.
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 ...
Methane, the main component of natural gas, has an autoignition temperature of 580 °C, [48] whereas gasoline and diesel autoignite at approximately 250 °C and 210 °C respectively. With a compressed natural gas (CNG) engine, the mixing of the fuel and the air is more effective since gases typically mix well in a short period of time.
In the U.S., utility gas prices in September were 70% higher than in recent years. Europeans, who already pay much higher for natural gas, saw bills rise sharply by 50% — for example, in Estonia.
National Grid/KeySpan said natural gas provides more than 70% of New York’s heat energy while Con Ed says 63% of its electricity through its lines is generated by gas.
In 2005, FERC announced a new Order 678 targeted particularly to gas storage. This rule is intended to stimulate the development of new gas storage facility in the ultimate goal of reducing natural gas price volatility. Commission Chairman Joseph T. Kelliher observed: "Since 1988, natural gas demand in the United States has risen 24 percent ...
And in Europe, natural gas prices jumped to 2024 highs this past week after Ukrainian troops crossed into Russia and claimed the capture of a key gas transit hub.