Natural gas is a fossil fuel comprising 95% hydrocarbons and 5% helium or hydrogen sulfide, hydrogen, and carbon dioxide. The formation of natural gases occurs naturally, where the dead decaying layers of plants and animals are processed under the earth’s surface for millions of years. This layer emits natural gas that is highly combustible. It is present in a gaseous state and is tasteless, odorless, and colorless in appearance. An element known as mercaptan is added that gives it a slight egg-like smell, which helps to identify if there is any gas leak.
It is a mixture of simple hydrocarbon compounds. Water vapor and carbon dioxide are the by-products of natural gas. It can be easily transported through pipelines and used for Household and commercial purposes.
Request for Real-Time Natural Gas Prices: https://procurementresource.com/resource-center/natural-gas-price-trends/pricerequest
The key importers countries for natural gas include South Korea, France, and the United States. On the other hand, the primary exporting countries include Russia, the United States, and Qatar.
Key Details About the Natural Gas Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Natural Gas price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Natural Gas Price chart, including India Natural Gas price, USA Natural Gas price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Natural Gas Price Trend:
The utilization of natural gas and its derivatives is found in multiple sectors. Natural gas is a combustible fossil fuel used in automobiles as Compressed Natural Gas (CNG). The source is used in households for cooking, heating, and generating electricity. It is found in producing fertilizers, pesticides, glass, fabrics, paints, plastics, steel, etc.
Moreover, it is used in industrial hydrogen production through gasification. Protein-rich animal and fish feeds are produced using natural gas. Coal Bed Methane (CMB), which is natural gas trapped in coal, can be produced and used for power generation to fuel engines. At the same time, its derivatives, like Natural Gas Liquids or NGLs, are used for home heating and plastic production.
Key Players:
- Gazprom PAO
- Royal Dutch Shell Plc
- Exxon Mobil Corporation
- Total SA
- PetroChina Company Limited
- BP Plc
News & Recent Development
- Date: 20 June 2023- The price of Natural Gas drops to 4% as the US dollar strengthens after the release of upbeat macroeconomic housing data, as the US supports the US dollar weighing on USD.
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence, providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
Contact Us:
Company Name: Procurement Resource
Contact Person: Jorge Garcia
Email: sales@procurementresource.com
Toll-Free Number: USA & Canada – Phone no: +1 307 363 1045 | UK – Phone no: +44 7537 132103 | Asia-Pacific (APAC) – Phone no: +91 1203185500
Address: 30 North Gould Street, Sheridan, WY 82801, USA
