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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 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.
On 1 June 1992, Malaysia LNG Dua Sdn Bhd (MLNG Dua) was incorporated to manage and operate the second LNG plant of three trains with 2.6 Mtpa capacity each. Its first LNG was delivered in May 1995. On 8 November 1995, Malaysia LNG Tiga Sdn Bhd (MLNG Tiga) was incorporated to manage and operate the third LNG plant of two trains with 3.6 Mtpa ...
The benchmark U.S. natural gas contract has been rallying, lately hitting seven-year highs, but its $5.62 per million British thermal units (mmBtu) price is a far cry from the $30-plus being paid ...
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).
The energy content (high or low heating value) of a volume of natural gas varies with the composition of the natural gas, which means there is no universal conversion factor for energy to volume. 1 cubic foot (28 litres) of average natural gas yields ≈ 1,030 Btu (between 1,010 Btu and 1,070 Btu, depending on quality, when burned)
According to the standard defined by the International Energy Agency, it corresponds in average to 38.2 petajoules (1.06 × 10 10 kWh) of energy in the case of Russian natural gas and 41.4 petajoules (1.15 × 10 10 kWh) of energy in the case of Qatar's natural gas. [1]
Chart Industries, Inc. (NYSE:GTLS) secured an order from Bechtel to supply its Integrated Pre-Cooled Single Mixed Refrigerant liquefaction technology and cold boxes for Phase 1 of Woodside Energy ...