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Natural gas is commonly produced alongside oil or other hydrocarbons and can also be found deep underground within rock formations. An increasing amount of gas production stems from non-conventional sources, such as from coal-bed seams or from within shale formations. Natural gas is predominantly formed of methane.
Uses include acting as a raw material for power generation, a source of heating and a chemical feedstock for organic chemicals or plastics.
Natural gas is predominantly odourless but varying odorant may be added depending on the specific country to alert users of a leak. Gas normally dissipates in the event of a leak but can cause an explosion as it becomes flammable when mixed with air.
Natural gas is transported by pipelines which can run along the seabed or underground, potentially transporting the energy source thousands of miles. The fuel moves at a speed of around 25km/hour through the pipe.
It is typically stored in depleted gas reservoirs or salt caverns. A certain volume of gas is kept within pipeline networks in order to maintain pressure. This is called linepack.
KYIV (ICIS)--Romania is expecting to introduce a temporary cap on electricity and gas tariffs to 15 million consumers amid concerns over record energy prices this year, while at the same time...
ReadKYIV (ICIS)--Ukrainian gas grid operator GTSOU said in a statement on Wednesday it has joined incumbent Naftogaz and Polish state company PGNiG in filing an application to take part in the...
ReadKYIV (ICIS)--The Romanian gas grid operator Transgaz has started to offer border capacity with Moldova which is struggling to secure natural gas to cover rising demand. The operator said it was...
ReadThis story has originally been published for ICIS Long-Term Power Analytics subscribers on 18/10/2021. Our ICIS Long-Term Power Analytics customers have access to extensive modelling of different...
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