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Natural Gas FAQ

 

 

What affects the price of Natural gas?


With limited short-term alternatives to natural gas for heating and electricity generation, changes in supply or demand often lead to large price swings. According to the U.S.Energy Information Administration,supply-side factors impacting price include production, gas imports and storage inventory levels. Demand-side factors include weather, economic conditions and petroleum prices, as petrol may be used as an alternate fuel for power generation.


Is natural gas renewable?


Technically, natural gas is not a renewable fuel as it is extracted from the Earth's reservoirs that were formed millions of years ago. However, renewable gas today can be manufactured using biogas or biomethane processes, and it can be interchangeable with pipeline quality gas.


When are natural gas prices lowest?


Though prices can fluctuate depending on supply and demand fundamentals, natural gas prices sre often at their lowest during the fall and spring seasons. These are known as the "shoulder" seasons, when weather is mild and heating and cooling demand is low.


Does fracking lower natural gas prices?


The use of hydraulic fracturing has unlocked previously inaccessible natural gas resources, which has significantly lowered the cost of supply. The U.S. Energy Information Administration has estimated that there are around 2,973 Tcf (>84 trillion cubic metres) of technically recovereble resources of dry gas in the United States.


   

 




 

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