Natural gas is a conventional energy source primarily obtained from the deep layers of the earth’s surface where the dead decaying matter of the organisms is found. The earth’s surface processes the dead matter for millions of years, which naturally formulates Natural gas and is used to produce different types of energy sources.
Natural gas comprises methane, propane, ethane, and other hydrocarbons. It is a combustible gas that is tasteless, colorless, and odorless in nature. Mercaptan is a substance that is added to Natural gas that gives it an egg-like smell to verify any gas leak. It is a mixture of hydrocarbons and is exhaustible in nature. Gas has several applications on a global scale and is mainly utilized by the household and industrial sectors to generate energy.
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Peru, the Netherlands, and India are the key importing countries that import Natural gas. On the other hand, the key exporting countries include the United States, Italy, and the Netherlands.
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 Trends, 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:
Natural gas is a fossil fuel with large-scale applications in the household and commercial sectors. It is mainly utilized for large-scale energy generation. The applications of Natural gas and its derivatives are found in various sectors, including agrochemicals, glass, fabrics, paints, and fabrications. It is also used in producing glass, fabrics, pesticides, fertilizers, paints, polymers, and steel on an industrial scale.
Natural gas is a combustible source that can be transported through pipelines and is carried long distances for numerous industrial production processes. The sources are used in household activities which include heating and cooking. Furthermore, it is utilized in hydrogen production on a large scale through gasification. Protein-rich animal fodders are produced using Natural gas. Natural gas liquids (NGLs) are utilized for home heating and plastics or resin production.
Key Players:
- Gazprom PAO
- Royal Dutch Shell Plc
- Exxon Mobil Corporation
- Total SA
- PetroChina Company Limited
- BP Plc
News & Recent Development
- Date: June 20, 2023– The US witnesses a price drop-in Natural gas rates of about 4%, as the US dollar strengthens after the release of upbeat macroeconomic housing data, while the US supports the dollar weighing the USD.
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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.
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