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The unit Mbtu is used in natural gas and other industries to indicate 1,000 Btu. [12] [13] However, there is an ambiguity in that the metric system (SI) uses the prefix "M" to indicate 'Mega-', one million (1,000,000). Even so, "MMbtu" is often used to indicate one million Btu particularly in the oil and gas industry. [14]
Natural gas is a mixture of gases containing approximately 80% methane (CH 4) and its heating value varies from about or 10.1 to 11.4 kilowatt-hours per cubic metre (975 to 1,100 Btu/cu ft), depending on the mix of different gases in the gas stream.
The price of natural gas varies greatly depending on location and type of consumer. The typical caloric value of natural gas is roughly 1,000 BTU per cubic foot, depending on gas composition. Natural gas in the United States is traded as a futures contract on the New York Mercantile Exchange. Each contract is for 10,000 million BTU or 10 ...
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 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 Wobbe index is expressed in MJ/Nm³ (where 'Nm³' indicates'm³ in Normal conditions), or sometimes in BTU/scf.In the case of natural gas (molar mass 17 g/mol), the typical heating value is around 39 MJ/Nm³ (1,050 BTU/scf) and the specific gravity is approximately 0.59, giving a typical Wobbe index of 51 MJ/Nm³ (1,367 BTU/scf).