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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 atm), usually in cylindrical or spherical shapes.
Wilmington, Delaware, United States, Transparency Market Research Inc. , Nov. 21, 2024 (GLOBE NEWSWIRE) -- The global compressed natural gas market (압축 천연 가스 시장) is estimated to flourish at a CAGR of 12.3% from 2021 to 2031.
Natural gas prices are on track to close out the year in negative territory. But there's optimism for 2025, largely because of exports and more demand stemming from artificial intelligence.
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.
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.
Price per million BTU of oil and natural gas in the US, 1998-2015. Natural gas prices, as with other commodity prices, are mainly driven by supply and demand fundamentals. However, natural gas prices may also be linked to the price of crude oil and petroleum products, especially in continental Europe.
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 ...
The average price for a gallon of regular gas is about $3.00, according to AAA, much lower than the spike to $5 per gallon earlier in President Joe Biden’s term. AAA reported last week taht gas ...
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