![]() exports of natural gas in 2017 rose +35.6% yr/yr to 3,168 billion cubic feet for a new record high. imports of natural gas (consumed) in 2017 rose +1.2% yr/yr to 3,042 billion cubic feet, down from the 2007 record high of 4,608 billion cubic feet. total delivered consumption of natural gas in 2018 rose +10.4% yr/yr to 27.482 trillion cubic feet, of which about 38.8% was delivered to electrical utility plants, 30.2% to industrial establishments, 18.2% to residences, and 12.7% to commercial establishments. with 3,003,354 Terajoules and Russia with 2,051,081 Terajoules of production.ĭemand - U.S. In 2019 the world's largest natural gas producers were the U.S. production, Pennsylvania with 19.0%, Oklahoma with 9.0%, Louisiana with 8.6%, Colorado with 5.6%, Wyoming with 4.6%, and New Mexico with 4.5%. producing states for natural gas in 2018 were Texas with 24.0% of U.S. recovery of natural gas in 2018 rose +10.9% to a record high of 36.991 trillion cubic feet. Prices moved a bit lower late in the year but closed the year up +19.2% at $2.537 per mmBtu. Prices - CME natural gas futures ( symbol code NG) on the nearest-futures chart started 2020 at $2.130 per mmBtu, moved generally sideways most of the year but then hit a one-year high in November. Natural gas futures are also traded at ICE Futures Europe. CME also has basic swap futures contracts available for 30 different natural gas pricing locations versus the benchmark Henry Hub location. The CME natural gas futures contract calls for the delivery of natural gas representing 10,000 million British thermal units (mmBtu) at the Henry Hub in Louisiana, which is the nexus of 16 intra-state and inter-state pipelines. Natural gas futures and options are traded at the CME Group. Natural gas as a source of energy is significantly less expensive than electricity per Btu. There is a vast amount of natural gas estimated to still be in the ground in the U.S. In 1821, William Hart dug the first well specifically intended to obtain natural gas, and he is generally regarded as the "father of natural gas" in America. Around 1785, Britain became the first country to commercially use natural gas produced from coal for streetlights and indoor lights. They passed it through crude bamboo-shoot pipes and then burned it to boil sea water to create potable fresh water. Around 500 BC, the Chinese discovered that the energy in natural gas could be harnessed. Natural gas is combustible, clean-burning, and gives off a great deal of energy. ![]() It is a mixture of hydrocarbon gases formed primarily of methane, but it can also include ethane, propane, butane, and pentane. Natural gas is a fossil fuel that is colorless, shapeless, and odorless in its pure form. ![]() Trading terminates the second last business day of the month before the spot month 1 MW per day in contract period times hours in the day ![]()
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