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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. For rough comparisons, one million Btu is approximately equal to ...
A related measure is "mega standard cubic metres per day" (MSm 3 /d), which is equal to 10 6 Sm 3 /d used in many countries outside the United States. [1] One MMSCFD equals 1177.6 Sm 3 /h. When converting to mass flowrate, the density of the gas should be used at Standard temperature and pressure.
At least 100 trillion cubic feet (2.8 trillion cubic metres) of it is economically viable to produce. [2] The EIA reports 2017 reserves at 11,878 billion cubic feet (BCF) or 11.878 trillion cubic feet, [3] which at a current market price of US $2.97 as of May 14, 2021, are worth approximately $36.2 Billion USD. [4]
The United States Geological Survey gives a figure of 6,000 cubic feet (170 cubic metres) of typical natural gas. [ 2 ] Due to the risk of confusion The Society of Petroleum Engineers recommends in their style guide that abbreviations or prefixes M or MM are not used for barrels of oil or barrel of oil equivalent, but rather that thousands ...
US marketed gas production reached a peak in 1973 at about 22.6 trillion cubic feet (640 km 3), and declined to a low of 16.9 trillion cubic feet (480 km 3) in 1986. But then instead of declining further, as predicted by the Hubbert curve , natural gas production rose slowly but steadily for the next 15 years, and reached 20.6 TCF in 2001.
Ukraine's own gas consumption in 2005 was around 80 billion cubic metres (2.8 trillion cubic feet), of which around 20 billion cubic metres (710 billion cubic feet) were produced domestically, 36 billion cubic metres (1.3 trillion cubic feet) were bought from Turkmenistan, and 17 billion cubic metres (600 billion cubic feet) came from Russia as ...
Yet other definitions are in use for industrial gas, [5] where, in the US, a standard cubic foot for industrial gas use is defined at 70 °F (21.1 °C) and 14.696 psia (101.325 kPa), while in Canada, a standard cubic meter for industrial gas use is defined at 15 °C (59 °F) and 101.325 kPa (14.696 psia).
According to the Russian standard, the gas volume is measured at 20 °C (68 °F). That means that 1 billion cubic metres of natural gas by the International Energy Agency standard is equivalent to 1.017 billion cubic metres of natural gas by the Russian standard. [1]