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In 1994, the US National Institute of Standards and Technology (NIST) defined "gasoline gallon equivalent (GGE) [as] 5.660 pounds of natural gas." [1] Compressed natural gas (CNG), for example, is a gas rather than a liquid. It can be measured by its volume in standard cubic feet (ft 3) at atmospheric conditions, by its weight in pounds (lb ...
The levelized cost of electricity (LCOE) is a metric that attempts to compare the costs of different methods of electricity generation consistently. Though LCOE is often presented as the minimum constant price at which electricity must be sold to break even over the lifetime of the project, such a cost analysis requires assumptions about the value of various non-financial costs (environmental ...
[10] since there is typically a 10% difference between the two methods for a power plant burning natural gas. For simply benchmarking part of a reaction the LHV may be appropriate, but HHV should be used for overall energy efficiency calculations if only to avoid confusion, and in any case, the value or convention should be clearly stated.
The standardized NYMEX natural gas futures contract is for delivery of 10,000 million Btu of energy (approximately 10,000,000 cu ft or 280,000 m 3 of gas) at Henry Hub in Louisiana over a given delivery month consisting of a varying number of days. As a coarse approximation, 1000 cu ft of natural gas ≈ 1 million Btu ≈ 1 GJ.
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)
Natural gas meters measure volume and not energy content, and given that the energy density varies with the mix of hydrocarbons in the natural gas, a "therm factor" is used by natural gas companies to convert the volume of gas used to its heat equivalent, usually being expressed in units of "therms per CCF" (CCF is an abbreviation for 100 ...
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