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"The price of U.S. natural gas will influence LNG export levels far more than LNG exports will influence domestic prices," the report states. ... be $0.97 per MMBtu higher than the reference case ...
Japan on average pays $15.74 for a mmBtu of natural gas (million British thermal units), versus $3.64 for ... Exxon sold its North American natural gas for an average price of $3.32 in 2013, which ...
The commission set the price of gas below the market rate, resulting in price distortions. The low prices encouraged consumption and discouraged production. By the 1970s, there were shortages of price-regulated interstate gas, while unregulated gas within the gas-producing states (intrastate gas) was plentiful, but more expensive.
The heating value depends on the source of gas that is used and the process that is used to liquefy the gas. The range of heating value can span ±10 to 15 percent. A typical value of the higher heating value of LNG is approximately 50 MJ/kg or 21,500 BTU/lb. [2] A typical value of the lower heating value of LNG is 45 MJ/kg or 19,350 BTU/lb.
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Since the price of natural gas was deregulated in the 1990s, its price has tended to parallel that of oil, with oil usually at a premium on a BTU basis. But starting in the late 2000s, an abundance of natural gas in North America has caused the price of a unit of energy from gas to be much lower than the price of energy from oil.
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The Wobbe index is expressed in MJ/Nm³ (where 'Nm³' indicates'm³ in Normal conditions), or sometimes in BTU/scf.In the case of natural gas (molar mass 17 g/mol), the typical heating value is around 39 MJ/Nm³ (1,050 BTU/scf) and the specific gravity is approximately 0.59, giving a typical Wobbe index of 51 MJ/Nm³ (1,367 BTU/scf).