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Natural gas prices 2000 - May 23, 2022 Comparison of natural gas prices in Japan, United Kingdom, and United States, 2007-2011 Natural gas prices at the Henry Hub in US Dollars per million Btu for the 2000-2010 decade. Price per million BTU of oil and natural gas in the US, 1998-2015
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.
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Price per million BTU of oil and natural gas in the US, 1998-2015 Natural gas prices spiked to $23.86 on February 17, 2021 because of the Texas power crisis. [14] In February 2003 there was a similar spike in natural gas prices because of shortages. [15]
Natural gas vehicles are popular in regions or countries where natural gas is abundant and where the government chooses to price CNG lower than gasoline. [8] The use of natural gas began in the Po River Valley of Italy in the 1930s, followed by New Zealand in the 1980s, though its use has declined there.
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.