What is Natural Gas? Definition of Natural Gas, Natural Gas Meaning - The Economic Times (2024)

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Definition: Natural gas is a mixture of gases which are rich in hydrocarbons. All these gases (methane, nitrogen, carbon dioxide etc) are naturally found in atmosphere. Natural gas reserves are deep inside the earth near other solid & liquid hydrocarbons beds like coal and crude oil.

Natural gas is not used in its pure form; it is processed and converted into cleaner fuel for consumption. Many by-products are extracted while processing of natural gas like propane, ethane, butane, carbon dioxide, nitrogen etc, which can be further used.

Description: Natural gas is mainly used as fuel for generating electricity and heat. Natural gas in compressed form is used as fuel for vehicles which is known as CNG. It is used as fuel for boilers and air conditioners worldwide. This is used for making fertilizers also, mainly ammonia.

A green field project is going on in Russia to produce LNG to run aircrafts. Russia, USA and Canada are major producers & consumers. For transporting, two variants are used - LNG for cross countries exchange and CNG for domestic purpose.

Natural gas prices are affected mainly through the US demand and it's seasonal in nature wherein in winters its prices fluctuate heavily. Also they have direct correlation with crude oil prices. It is measured in million British thermal units (mmBTUs), but in some countries it is traded in Gigajoule also. The world's most liquid derivative contracts for natural gas are traded on NYMEX, while in India it is traded on MCX.

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    What is Natural Gas? Definition of Natural Gas, Natural Gas Meaning - The Economic Times (2024)

    FAQs

    What is Natural Gas? Definition of Natural Gas, Natural Gas Meaning - The Economic Times? ›

    What is Natural Gas. Definition: Natural gas is a mixture of gases which are rich in hydrocarbons. All these gases (methane, nitrogen, carbon dioxide etc) are naturally found in atmosphere. Natural gas reserves are deep inside the earth near other solid & liquid hydrocarbons beds like coal and crude oil.

    What is the definition of natural gas in economics? ›

    Natural gas is a fossil fuel and non-renewable resource that is formed when layers of organic matter (primarily marine microorganisms) decompose under anaerobic conditions and are subjected to intense heat and pressure underground over millions of years.

    What is natural gas in short answer? ›

    Natural gas is the gaseous mixture of lower hydrocarbons and it mainly consists of methane . It occurs deep inside the Earth either alone or along with the deposits of crude oil in the oilfields. Natural gas is also called a clean gas because of the following reasons: Natural gas does not leave ash after burning.

    Which of the following is the definition for natural gas? ›

    What is natural gas? Natural gas is a fossil fuel energy source. Natural gas contains many different compounds. The largest component of natural gas is methane, a compound with one carbon atom and four hydrogen atoms (CH4).

    What is it called natural gas? ›

    Natural gas (also known as fossil gas, fracked gas, and simply, gas) is a fossil fuel: ancient plant material deposited in an oxygen-poor environment and cooked over millions of years by heat from the earth. The type of plant and the extent of the cooking determines whether the end product is coal, oil, or gas.

    Why is natural gas good for the economy? ›

    Providing higher efficiency than other fuels, natural gas can produce significant savings for businesses to reduce operating costs and increase profit margins. Natural gas appliances and equipment cost less to operate and generally require less maintenance.

    How is natural gas important to the economy? ›

    America is the world's leading producer of oil and natural gas. The oil and gas industry supports millions of American jobs, provides lower energy costs for consumers, and ensures our energy security.

    What is natural gas and its origin? ›

    Sealed off in an oxygen-free environment and exposed to increasing amounts of heat and pressure, the organic matter underwent a thermal breakdown process that converted it into hydrocarbons. The lightest of these hydrocarbons exist in the gaseous state under normal conditions and are known collectively as natural gas.

    What is a natural gas quizlet? ›

    what is natural gas? a fossil fuel formed from the remains of tiny marine organisms that died 200-400 million years ago. the main ingredient to natural gas is methane (CH4)

    What is natural gas being replaced with? ›

    With minor cleanup, biogas can be used to generate electricity and heat and is used as a replacement for traditional natural gas to generate combined electricity and heating for power plants—not in vehicle applications. To fuel vehicles, biogas must be processed to a higher purity standard.

    Why is gas so bad for the environment? ›

    Gas is mainly made up of methane — a greenhouse gas more potent than carbon dioxide and a dangerous contributor to climate change. These greenhouse gas emissions cause global warming, which leads to major environmental damage, such as coral bleaching of the Great Barrier Reef.

    What are the 4 types of natural gas? ›

    They are known as the four natural gases and include the first four alkanes — methane, ethane, butane, and propane. An alkane is a hydrocarbon where single bonds link together each atom.

    What are the examples of natural gas? ›

    They are known as the four natural gases and include the first four alkanes — methane, ethane, butane, and propane. An alkane is a hydrocarbon where single bonds link together each atom.

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