CSIMarket


Terms Beginning with N
       
       
 

Natural Gas Equivalents

Energy Term


Natural Gas Equivalents (NGE) is a unit of measurement used in the energy industry to compare the energy content of different fuels. It relates the energy content of a given amount of natural gas to an equivalent amount of another fuel. This is typically done by calculating the number of cubic feet of natural gas that would contain the same amount of energy as a unit of the other fuel.

The most common way to calculate NGE is by comparing natural gas to oil. One barrel of oil is equal to approximately 6,000 cubic feet of natural gas. Therefore, if one wanted to compare the energy content of a million barrels of oil to an equivalent amount of natural gas, they would need to multiply the million barrels by 6,000 to get the equivalent amount of natural gas in cubic feet.

NGE is an important concept in the energy industry because it allows for easy comparison of the energy content of different fuels. This is particularly important in situations where multiple types of fuel may be used for the same purpose, such as in electricity generation. By comparing NGE, it is possible to determine the most cost-effective and efficient fuel option for a given situation.

Overall, Natural Gas Equivalents are a useful tool for comparing the energy content of different fuels and are commonly used in the energy industry to make important decisions about energy production and consumption.




   
     

Natural Gas Equivalents

Energy Term


Natural Gas Equivalents (NGE) is a unit of measurement used in the energy industry to compare the energy content of different fuels. It relates the energy content of a given amount of natural gas to an equivalent amount of another fuel. This is typically done by calculating the number of cubic feet of natural gas that would contain the same amount of energy as a unit of the other fuel.

The most common way to calculate NGE is by comparing natural gas to oil. One barrel of oil is equal to approximately 6,000 cubic feet of natural gas. Therefore, if one wanted to compare the energy content of a million barrels of oil to an equivalent amount of natural gas, they would need to multiply the million barrels by 6,000 to get the equivalent amount of natural gas in cubic feet.

NGE is an important concept in the energy industry because it allows for easy comparison of the energy content of different fuels. This is particularly important in situations where multiple types of fuel may be used for the same purpose, such as in electricity generation. By comparing NGE, it is possible to determine the most cost-effective and efficient fuel option for a given situation.

Overall, Natural Gas Equivalents are a useful tool for comparing the energy content of different fuels and are commonly used in the energy industry to make important decisions about energy production and consumption.




Related Energy Terms
                     
                     
 Ammonia   Bulk Sales   Development well  
 Asphaltene   Capacity Oil and Gas Operations Industry   Dewpoint  
 Barrel   Cfe   Distillates  
 Bbl   Coal   Downstream  
 Bcf   Coke   Dry hole  
 Bcfe   Compliance Coal   Dth  
 Blendstocks   Condensate   Dthe  
 BOE   Crack Spread    Emissions  
 Bpd   Crude Oil Desalting   Equity production  
 Btu   Cubic Foot CF   Ethanol  
               
                  next arrow
 
   


Help

About us

Advertise