Natural gas. As a commodity, the price of natural gas is determined by supply and demand. This makes it more volatile than manmade fuels like biomethane. The three main influencing factors on natural gas prices include: The amount of natural gas production; The level of natural gas in storage; The volumes of natural gas imports and exports.
Nigeria LNG Limited (NLNG) is a major player in the global LNG business. NLNG was incorporated as a Limited Liability company on May 17, 1989, to harness Nigeria's vast natural gas resources and produce Liquefied Natural Gas (LNG) and Natural Gas Liquids (NGLs) for ex port. The establishment of NLNG as a company is backed by the Nigeria LNG
In the area of energy density, there is no doubt that diesel has greater peak energy density than natural gas-by a factor of more than of three (generally 129btu versus 37btu). Even here, there
CNG and LNG are mostly methane (chemical formula CH4) while propane is mostly C3H8 with a little butane (C4H10) mixed in. CNG has an energy content of around 21,000 BTUs per pound, so it takes 5.7 pounds of CNG to equal the energy equivalent of one gallon of gasoline. LNG has an energy content of around 80,000 BTUs per gallon in the liquid
In general, there are two basic ways to transport the natural gas from producing reservoirs to final consumers: • Through a pipeline, with no change in the gas phase • Via the LNG value chain, i.e., in a liquid phase. The LNG value chain consists of a number of segments (or links in the chain) that are
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difference between lng and natural gas