| Natural Gas | | | | | | | Table of Contents Introduction 3 Principal Factors Influencing Demand 3 Residential and Commercial Heating 3 Price and Fuel Switching 3 Industrial Advancements 3 Growing Environmental Concern 4 Recent Natural Disasters 4 Growing Global Demand 4 Principal Factors Influencing Supply 5 Technology 6 Infrastructure 6 Unconventional Sources 7 Availability 7 About the Industry 8 Natural Gas Price Trends 9 The Future of Natural
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Chemical Composition of Natural Gas Natural gas is a naturally occurring gas mixture‚ consisting mainly of methane. While most of the gas supplied to Union Gas is from western Canada‚ some gas is supplied from other sources‚ including the United States and Ontario producers. While the gas from these sources has a similar analysis‚ it is not entirely the same. The table below outlines the typical components of natural gas on the Union Gas system and the typical ranges for these values (allowing for
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The Natural Gas Case In the Natural Gas case‚ a German company and a Dutch gas reseller (the plaintiffs) is suing an Austrian partnership company (the defendant) for a breach of contract. The plaintiffs negotiated and agreed to purchase 3000 metric tons of propane gas for $381 per metric ton from the defendant. Because of the two companies never conducting business with one another‚ the plaintiffs agreed to secure a letter of credit with its purchase. To secure the letter of credit with the purchase
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Major Natural gas producers Graph.2 Gas Exporting Countries Forum (GECF) Natural gas Demand & Price Natural gas could be the 100% replacement of crude oil’ Conclusion 1. Introduction Natural gas is a very important energy source in the world and it is the cleanest and most hydrogen rich of all the hydrocarbon energy sources and it has high energy conversation efficiencies for power generation [1]. In olden days natural gas was only
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3Natural Gas Business in Indonesia Introduction Gas is an energy future of Indonesia. It is a fact that cannot be denied anymore. Based on existing data‚ throughout 2010 there were new discoveries of gas reserves are significant enough to achieve 2.09 trillion cubic feet‚ while the discovery of oil only amounted to 140 million barrels only. On January 1‚ 2011‚ proved reserves position and potential of gas in Indonesia reached 153.72 trillion cubic feet of proven and potential reserves and crude
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Arbitrage in LIQUIFIED Natural Gas December 2012 Take a look at the long-term charts of crude oil and natural gas. The historical oil-to-gas price ratios have ranged from 6:1 to 10:1 before the economic crisis. Since one barrel of oil contains the energy equivalent of the 5.825 million BTU of natural gas‚ an implied BTU arbitrage kept this relationship in check. Spot natural gas traded as low 1.905 earlier in the week implying an energy equivalent price of a barrel
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Compressed natural gas From Wikipedia‚ the free encyclopedia Jump to: navigation‚ search "CNG" redirects here. For other uses‚ see CNG (disambiguation). Blue diamond symbol used on CNG-powered vehicles in North America Green bordered white diamond symbol used on CNG-powered vehicles in China A CNG powered high-floor Neoplan AN440A‚ operated by ABQ RIDE in Albuquerque‚ New Mexico. CNG (Compressed natural gas) (Methane stored at high pressure) can be used in place of gasoline (petrol)‚ Diesel
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Introduction India and Myanmar have attracted considerable interest from international oil and gas companies (IOCs) in recent years following a number of significant discoveries in the Bay of Bengal. Now it appears that Bangladesh is ready to tempt the worldwide petroleum industry into investigating the untapped gas potential of its offshore acreage. The country is preparing to launch its Third Licensing Round towards the end of the year‚ after the Bangladesh High Court in July 2006 partially vacated
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Fracking for Natural Gas In today’s global fight for the growing demand of energy and promotion of saving energy‚ fracking has become very controversial. The dangers to our society and health are at the forefront in conducting safer practices. To obtain the natural gas‚ fracking or hydraulic fracking must be conducted. Hoffman (2015) explained‚ “Hydrofracking is a controversial oil and gas extraction technique developed in the late 1940s to gain access to fossil energy deposits previously inaccessible
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The natural gas industry in Trinidad and Tobago began with the discovery of gas on land at Mahaica in 1955 by Dominion Oil‚ however the first major natural gas discovery (One Trillion Cubic Feet (Tcf)) was off the East coast of Trinidad by Amoco in 1968 in the Teak offshore field. This was followed up in 1973 by a 2 Tcf find in the South East Galeota acreage. There was however production and utilization of gas before this date. Although the dates referred to mark the first large finds of natural
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