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Depending on the marketplace, the price of natural gas is often expressed in currency units per volume or currency units per energy content. 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 ...
The natural gas industry in India began in the 1960s with the discovery of gas fields in Assam and Maharashtra (Mumbai High Field). As on 31 March 2018, India had estimated crude oil reserves of 594.49 million metric tonnes (Mt) and natural gas reserves of 1339.57 billion cubic metres of natural gas (BCM). [1] [2]
As of 2006 the fields were producing 30,000 barrels (4,800 m 3) of oil per day and 90 million cu ft (2.5 million m 3) per day. [1] As of 2008 the field was producing 40,000 barrels (6,400 m 3) of oil per day and 190 million cu ft (5.4 million m 3) per day of gas. All of the oil was being sold to Indian Oil and all the gas to GAIL India.
These phases will produce 2 billion cubic feet (57 million cubic metres) per day of natural gas, 75 million cubic feet (2.1 million cubic metres) of ethane, 80,000 barrels per day (13,000 m 3 /d) of natural gas condensate, 3,000 tons of LPG per day plus 400 tons of sulfur per day. As it is understood this phase is defined within phase 1 so it ...
The average price at the pump is down a dollar over the past nine weeks, but it’s 85 cents higher than it was one year ago. Nationwide, the highest average price for regular-grade gas was in the ...
The company has a throughput capacity of 80.49 million tonnes per year for crude oil and petroleum products and 9.5 million cubic metres per day at standard conditions for gas. On 19 November 2017, IOCL, in collaboration with Ola, launched India's first electric charging station at one of its petrol-diesel stations in Nagpur. [29]
Energy stocks have outperformed the broader market to start the year, kicking off 2025 with gains as oil and natural gas prices have edged higher. The S&P 500 Energy Sector (XLE) is up 2.8% year ...
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.