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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]
Natural gas is a mixture of gases containing approximately 80% methane (CH 4) and its heating value varies from about or 10.1 to 11.4 kilowatt-hours per cubic metre (975 to 1,100 Btu/cu ft), depending on the mix of different gases in the gas stream.
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]
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).
The lower heating value of natural gas is normally about 90% of its higher heating value. This table is in Standard cubic metres (1 atm , 15 °C), to convert to values per Normal cubic metre (1 atm, 0 °C), multiply above table by 1.0549.
The price of natural gas varies greatly depending on location and type of consumer. The typical caloric value of natural gas is roughly 1,000 BTU per cubic foot, depending on gas composition. Natural gas in the United States is traded as a futures contract on the New York Mercantile Exchange. Each contract is for 10,000 million BTU or 10 ...
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The standardized NYMEX natural gas futures contract is for delivery of 10,000 million Btu of energy (approximately 10,000,000 cu ft or 280,000 m 3 of gas) at Henry Hub in Louisiana over a given delivery month consisting of a varying number of days. As a coarse approximation, 1000 cu ft of natural gas ≈ 1 million Btu ≈ 1 GJ.
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