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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 thousand cubic feet of natural gas. [8]
Btu per hour (Btu/h) is sometimes used in North America and the United Kingdom - the latter for air conditioning mainly, though "Btu/h" is sometimes abbreviated to just "Btu". [18] MBH—thousands of Btu per hour—is also common. [19] 1 W is approximately 3.412142 Btu/h [20] 1,000 Btu/h is approximately 0.2931 kW; 1 hp is approximately 2,544 Btu/h
The therm (symbol, thm) is a non-SI unit of heat energy equal to 100,000 British thermal units (BTU), [1] and approximately 105 megajoules, 29.3 kilowatt-hours, 25,200 kilocalories and 25.2 thermies. One therm is the energy content of approximately 100 cubic feet (2.83 cubic metres) of natural gas at standard temperature and pressure. However ...
A barrel of oil releases about 5.8 million BTU when burned, so that 5.8 MCF of gas (at the standard one thousand BTU per cubic foot) releases about the same energy as a barrel of oil. Sometimes gas containing 5.8 million BTU is defined as a "barrel of oil equivalent for energy calculation purposes. [16]
At a natural gas price of US$6.05 per million Btu (US$5.73/GJ), that volume is worth US$4.37 trillion. At least 100 trillion cubic feet (2.8 trillion cubic metres) of it is economically viable to produce.
The current national gas price average is $3.62 per gallon. The average cost of gas has decreased 15% in the last two years, from when it was $4.27 per gallon .
The value is necessarily approximate as various grades of oil and gas have slightly different heating values. If one considers the lower heating value instead of the higher heating value, the value for one BOE would be approximately 5.4 GJ (see tonne of oil equivalent). Typically 5,800 cubic feet of natural gas is equivalent to
The system has a capacity to carry 440 million cubic feet per day. It is operated by Maritimes and Northeast Pipeline Management Limited of Halifax, Nova Scotia. The pipeline came into operation in 2000. Prior to this, natural gas was selling for US$2.31 per million BTU in the New England market (February 2000).