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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 US natural gas pipeline system is a complex system of pipelines that carries natural gas nationwide and for import and export for use by millions of people daily for their consumer and commercial needs. Across the country, there are more than 210 pipeline systems that total more than 305,000 miles of interstate and intrastate pipelines.
ANSI/ASHRAE/IES Standard 90.1: Energy Standard for Buildings Except Low-Rise Residential Buildings is an American National Standards Institute (ANSI) standard published by ASHRAE and jointly sponsored by the Illuminating Engineering Society (IES) that provides minimum requirements for energy efficient designs for buildings except for low-rise residential buildings (i.e. single-family homes ...
Nominal Pipe Size (NPS) is a North American set of standard sizes for pipes used for high or low pressures and temperatures. [1] " Nominal" refers to pipe in non-specific terms and identifies the diameter of the hole with a non-dimensional number (for example – 2-inch nominal steel pipe" consists of many varieties of steel pipe with the only criterion being a 2.375-inch (60.3 mm) outside ...
One GGE of natural gas is 126.67 cubic feet (3.587 m 3) at standard conditions. This volume of natural gas has the same energy content as one US gallon of gasoline (based on lower heating values: 900 BTU/cu ft (9.3 kWh/m 3) of natural gas and 114,000 BTU/US gal (8.8 kWh/L) for gasoline). [22]
Monthly average natural gas prices, showing the location of the Henry Hub. The Henry Hub is a distribution hub on the natural gas pipeline system in Erath, Louisiana, owned by Sabine Pipe Line LLC, a subsidiary of EnLink Midstream Partners LP who purchased the asset from Chevron Corporation in 2014. [1]
The volume of natural gas with heating value of one dekatherm is about 910 to 1,026 cubic feet (25.8 to 29.1 m 3). Noncombustible carbon dioxide (CO 2 ) lowers the heating value of natural gas. Heavier hydrocarbons such as ethane (C 2 H 6 ), propane (C 3 H 8 ), and butane (C 4 H 10 ) increase its heating value.
The unit Mbtu is used in natural gas and other industries to indicate 1,000 Btu. [12] [13] However, there is an ambiguity in that the metric system (SI) uses the prefix "M" to indicate 'Mega-', one million (1,000,000). Even so, "MMbtu" is often used to indicate one million Btu particularly in the oil and gas industry. [14]