Natural Gas Equivalents
Energy Term
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.
More Glossary Terms Beginning with N
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Nanotechnology
Manufacturing Term Letter: N
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National Association of Insurance Commissioners NAIC
Insurance Term Letter: N
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National income NI
Economy Term Letter: N
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Natural Gas Equivalents
Energy Term Letter: N
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Natural Gas Liquids
Energy Term Letter: N
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Natural Gas Liquids NGL
Energy Term Letter: N
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NDA or New Drug Application
Health Care Term Letter: N
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Net Asset Value NAV
Financial Term Letter: N
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Net Card Fees
Financial Term Letter: N
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Net domestic product NDP
Economy Term Letter: N
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Net exports of goods and services
Economy Term Letter: N
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Net government saving
Economy Term Letter: N
