Current Natural Gas Price

Vary the current prices of natural gas between the markets of the United States, Europe and Asia due to a discrepancy in supply, in addition to the variation in the cost of production and transportation between global markets. It should be noted that there is a clear difference between gas prices in the producing regions such as North America and the Arabian Gulf and consuming countries such as the countries of East Asia and Western Europe. And record gas prices in the United States declined significantly compared to European prices, which depend mainly on pipelines and giant ships to transport liquefied gas. It should be noted that the low prices do not serve gas industry and production, they increase the demand for it, but at the same time does not encourage the investment process in the extraction and processing, which is expensive. One of the most serious factors that threaten the production and manufacture of extreme fluctuations in gas prices and lack of stability or predictability, so they also do not encourage investment in the gas industry. Therefore, the fair price of gas must take into account the interests of producer and consumer interests alike; to continue the process of gas production more profitable for all parties. For example, if gas prices fell below the $ 3.5 million BTUs in the United States, it will tempt power companies shift from coal to natural gas, which increases the pressure on the demand for gas, and thus to the resumption of high oil prices

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Cheap Gas Return

There are several reasons why the observer looks cautiously to the current prices of natural gas and liquefied natural gas, because all of the events and global developments and successive energy clearly indicate that the era of cheap gas is going to return, and following are some causes for this: 1 - sharpen environmental legislation regarding emissions and cap-and-trade legislation laws and tax increases. Will this law package to asceticism in the largest producer of coal and the use of carbon gas less fossil energy sources production of carbon, that were revised in Table 1. 2 - The decay of the role of nuclear energy as a source for generating energy, particularly after the Japan disaster, Chernobyl, and the following manner: - Increasing safety factors which will lead to increased costs. B - Short life of nuclear reactors does not even thermal and cause disasters. T - Not to move forward in the establishment of many of the reactors to be established in many countries and replaced with safer sources. 3 - Consumption growth of China and India for natural gas. It was China's consumption of about half the energy consumption of the United States in 2000. However, the demand for energy in China has seen in recent years a very significant growth exceeded 10 per cent a year in some cases, in order to meet the demands of its growing economy. It should be noted that the growth in demand for energy in China has played an active role in supporting the global prices of oil and liquefied natural gas (LNG) over the past period. Now China has become the largest energy consumer in the world, beating the United States, and is scheduled to grow the share of gas of the total energy consumed in China from 3.8 per cent in 2008 to 8.3 per cent in 2015. According to competent sources, China's consumption of natural gas will increase from 85 billion cubic meters in 2008 to 634 billion cubic meters in 2035, an annual increase of about 8 per cent. As well as Indian consumption will increase by about 6.5 per cent annually for the same period to reach 234 billion cubic meters.

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Gas Price

Most reports indicates and competent scientific studies that the world is on the verge of a renaissance reality in the gas industry driven by the growing demand for it as a safe and clean source of energy. And will all the challenges and obstacles faced by other energy sources such  thermal emissions of coil, oil and nuclear dangers and the impact of  bio-fuels on food and the efficiency of solar energy, real opportunities to enter the golden age of natural gas. In a report last Exxon Mobil was clearly pointed out  hat the growth in demand of natural gas is the most among other sources of energy will reach the increased demand for gas to about 60 per cent by 2040. This leading some observers to argue that the gas will replace coal as the largest second source of energy after oil in 2035 as shown. The deadline in demand for gas in the world increased by 2.1  per cent in 2009 like other energy sources as a result of the global economic crisis , and then returned to demand to rise by 7.1 per cent in 2010, and especially because of rising Japanese for liquified natural gas in the wake of the earthquake disaster.  

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Future of natural gas prices

Most reports indicate and competent scientific studies that the world is on the verge of a renaissance reality in the gas industry driven by the growing demand for it as a safe and clean source of energy. And will all the challenges and obstacles faced by other energy sources such thermal emissions of coal, oil, and nuclear dangers and the impact of bio-fuels on food and the efficiency of solar energy, real opportunities to enter the golden age of natural gas. In a report last Exxon Mobil was clearly pointed out that the growth in demand of natural gas is the most among other sources of energy will reach the increased demand for gas to about 60 per cent by 2040. This leading some observers to argue that the gas will replace coal as the largest second source of energy after oil in 2035 as shown in Table 1. The decline in demand for gas in the world increased by 2.1 per cent in 2009 like other energy sources as a result of the global economic crisis, and then returned to demand to rise by 7.1 per cent in 2010, and especially because of rising Japanese demand for liquefied natural gas in the wake of the earthquake disaster The tsunami that hit the country in March last and the nuclear crisis that followed

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Natural Gas Company

The natural gas was initially the result of accidental in the process of oil production, and since explored for the first time in Florida in the United States in 1821 has been used as fuel in the areas surrounding oil fields, and in the first years of production of natural gas, the natural gas was burned in large quantities, resulting in a lower price of natural gas, where the price per 1,000 cubic feet to about 1-2 cents has begun natural gas consumption on the rise since the end of World War II in the (commercial - industrial - power generation), and was This increased consumption of many reasons such as the birth of new markets, replacing coal as a fuel, natural gas use in the petrochemical industry and fertilizer industry, in addition to increasing demand for fuel low sulfur.

Growing demand in Western Europe, Japan and the United States led to import gas from distant fields. Today, LNG can be transported through the seas and oceans to places of consumption by tankers huge, I have been using this method in Hungary in 1934 and then use to transport gas in liquid form from gas fields in Louisiana through the Mississippi River to Chicago in 1951.

in Algeria was LNG export in 1964 to Britain and France, where at least the volume of gas to one-sixth of its original size in this way, and when you pick the endpoint due to its gaseous Bomrarh state in a gas conversion plant liquid into a gas that can be outfitted then to the gas distribution network. As can be stored in tanks or in underground storage stations Underground Storage The liquid gas is contaminated fuel for aircraft and vehicles.

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Cooling Natural Gas

When cooled  gas  natural  temperature of two 60 degrees Fahrenheit below zero at atmospheric pressure it condenses in the form of a liquid called  gas  natural  liquefied known abbreviation in English b ( LNG ). one of this fluid takes 600/1 of the volume of  gas   in the burner flame. The weighs    less than one and a half of the volume of water in fact approximately 45%. It shortage of gas   that is odorless and color does not cause corrosion and non-toxic. When vaporize it ignites only in concentrations of 5% - 15% when mixed with air and gas natural liquefied or vapor not  in an open environment.

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Natural Gas Reserves

There are terms often used to express the natural gas reserves are: proven reserves Proved Reserves and Reserve underlying Potential Reserves.

Proven reserves Proved Reserves is those quantities of gas to be found during the excavations, and can be ascertained through the properties of reservoir such as production data, pressure relationships and some other data, so the volume of gas is determined with reasonable accuracy to some extent.

Latent Reserve is those quantities of natural gas that are believed to exist in many crystal rocks, but did not dig so far. It will be quantities processed in the future after the end of proven reserves.

Were followers are many ways to estimate the quantities of natural gas reserves, including dependence on production rates previous exploratory wells and experimental methods and mathematical equations, are also used method of estimating gas future through the amount of oil explorer, or volumetric estimation method for potential gas reserves.

There has always been a disparity in the (proven reserves) and (latent Reserve) even in the case of producing fields in the United States, where, depending on the sources of information, estimates of reserves remaining passive ranging between 650 -5000 Tcf , The Reserve Certainly in 2000 it was one thousand and fifty Tcf in the United States and 170 Tcf in Canada

and unlike oil reservoirs where there is 80% of them in the OPEC countries, most of natural gas deposits exist in the former Soviet Union, the Middle East, Near East, Africa, North America, Central and South America, and Europe.

According to a survey conducted by Energy Information Administration in the year 2006 were estimated figures for reserves proven natural gas as follows:

  1. Russia 1, 688 TCF .

  2. Iran 944 TCF.

  3. Qatar 910 TCF .

  4. Saudi Arabia 244 TCF .

  5. United Arab Emirates 213 TCF .

  6. United States 193 TCF.

  7. Nigeria 185 TCF .

  8. Algeria 162 TCF .

  9. Venezuela 152 TCF .

 10. Iraq one hundred and twelve TCF .     

Gazprom Russian about a third of natural gas reserves and produces about 80% of Russian natural gas, and runs this company 43 station CBS Compressor Station and about 155 thousand km of natural gas pipelines, Russia is the largest producer and exporter and consumer of natural gas, producing about twenty-one Tcf annually consume them 14.5 Tcf and exports the rest.

While Qatar is a pioneer also in the natural gas reserves, and equally so with Iran almost as owns giant North Field, Iran It has Pars gas field east which is located on the borders of Qatar. 

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