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Gas storage facilities are gaining more importance due to changes in natural gas demands. First, traditional supplies that once met the winter peak demand are now unable to keep pace. Second, there is a growing summer peak demand on natural gas, due to electric generation via gas fired power plants. Datasource.
Prices reached a low of around (2006 US) $17/Mcm in the late 1940s, when more than 20 percent of the natural gas being withdrawn from U.S. reserves was vented or flared. Beginning in 1954, the Federal Power Commission regulated the price of US natural gas transported across state lines.
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 21 billion cubic feet, below the 27 billion cubic feet that analysts were expecting.
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks increased by 111 billion cubic feet last week, well above the top of the range for an expected build of ...
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks declined by 194 billion cubic feet last week, below an average expected drop of around 206 billion cubic ...
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 U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 46 billion cubic feet last week, compared with an expected build of 55 billion ...
In 2012, the United States produced 25.3 trillion cubic feet of marketed natural gas, with an average wellhead value of $2.66 per thousand cubic feet, for a total wellhead value of $67.3 billion. [ 2] In 2013, the country produced 30.0 trillion cubic feet (TCF) of marketed gas. [ 3] With 7,545 billion cubic feet (BCF), the leading gas-producing ...