What is natural gas used for? - correct answer ✔✔Electrical power generation, as industrial feedstock,
and for residential/commercial heating.
What are the benefits of natural gas? - correct answer ✔✔Higher heating value, burns more
efficiently, has no ash or particulate matter, and has lower carbon emissions.
Most of the added natural gas reserves in the US over the past decade have come from what? - correct
answer ✔✔Shale gas
What percentage of natural gas is used in the different sectors? - correct answer ✔✔33% of natural
gas is in the industrial sector for the manufacturing of products, and another 27% of natural gas is split
between residential and commercial heating.
What is the typically spot price of natural gas? - correct answer ✔✔Typical price of natural gas would
be $3/MCF, however it can go up to $20/MCF
What is an LNG tanker comprised of? - correct answer ✔✔Four large, hollow spheres, that chill the
natural gas down to -260 F where it becomes a liquid. Compressed natural gas would take up 600 times
the volume in the gaseous state.
Why is LNG stored in spheres? - correct answer ✔✔To evenly distribute the stress, reducing the risk of
failure.
At $3/MCF, what is the price of natural gas per MMBTU? - correct answer ✔✔$3
What is the anticipated total of consumption of natural gas? - correct answer ✔✔Expected to grow
from 26 TCF in 2016 to 32 TCF in 2040, production is projected to increase from 26 TCF in 2016 to 38 TCF
in 2040. The US is expected to export 18% of its domestic production.