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Oil conversion factor from m³ to bbl (or stb) is 6.28981100 Gas conversion factor from standard m³ to scf is 35.314666721 Note that the m³ gas conversion factor takes into account a difference in the standard temperature base for measurement of gas volumes in metric and imperial units.
Metric regions commonly use the tonne of oil equivalent (toe), or more often million toe (Mtoe). Since this is a measurement of mass, any conversion to barrels of oil equivalent depends on the density of the oil in question, as well as the energy content. Typically 1 tonne of oil has a volume of 1.08 to 1.19 cubic metres (6.8 to 7.5 bbl).
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.
Japan on average pays $15.74 for a mmBtu of natural gas (million British thermal units), versus $3.64 for ... it produced 120,000 bpd of crude oil, and that figure goes up to 175,000 bpd when you ...
MMcf – million cubic feet (of natural gas) MMcfe – million cubic feet (of natural gas equivalent) MMcfge – million cubic feet (of natural gas equivalent) MMS – Minerals Management Service (United States) MMscfd – million standard cubic feet per day; MMTPA – millions of metric tonnes per annum; MMstb – million stock barrels
The heating value depends on the source of gas that is used and the process that is used to liquefy the gas. The range of heating value can span ±10 to 15 percent. A typical value of the higher heating value of LNG is approximately 50 MJ/kg or 21,500 BTU/lb. [2] A typical value of the lower heating value of LNG is 45 MJ/kg or 19,350 BTU/lb.
The first oceangoing liquified natural gas tanker in the world was Methane Pioneer, which entered service in 1959 with a carrying capacity of 5,500 cubic metres (190,000 cu ft). [1] LNG carriers of increasing size have been built since then, leading to the fleet of today, where giant Q-Max LNG ships sail worldwide that can each carry up to ...
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] One GGE of CNG pressurized at 2,400 psi (17 MPa) is 0.77 cubic feet (22 litres; 5.8 US gallons).
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