Natural Gas: History, Uses, Online Trading
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Natural Gas Home » Natural Gas
History

The ancient "eternal fires" in the area of present day Iraq that were reported in Plutarch writings around 100 to 125 A.D. probably were from natural gas escaping from cracks in the ground and ignited by lightning. Researchers are continuing to study about how natural gas was formed and where it has collected within the earth's crust. They have found that gas is not only found in pockets by itself but in many cases, with oil. Often, both oil and gas flow to the surface from the same underground formation.

Uses


Some of the uses of the natural gas are power generation, domestic use, transportation, fertilizer, hydrogen and more. Similarly, it is also use in manufacture of fabrics, glass, steel, plastics and paint.

Characteristics

Natural gas is a colorless, odorless, environment friendly energy source. It is a gas consisting primarily of methane. It is found associated with fossil fuels, in coal beds, as methane catharses, and is created by methanogenic organisms in marshes, bogs, and landfills. Natural gas is commercially produced mostly from oil fields and natural gas fields.  

Influencing Factors

Like that of any other commodity, natural gas prices, too
  • Changes in supply or demand
  • Strength of economy,
  • Weather and
  • Crude oil prices. 
  • Hurricanes.
  • Macro-economic factors like exchange rates, interest rates and other economical indicators
Exporters and Importers

Countries like Saudi Arabia, Russia, Norway, Iran, United Arab Emirates, Venezuela, Mexico, Libya,Nizeria and more are exporting natural gas to the countries like United States, Japan, China, Germany, South Korea, France, India and more.  

Why trade natural gas through NDEX:


Contract size: Regular
Low transaction cost: Fixed spread of NPR 0.5 Per 1 MMBTU
Generous leverage: On all products that are clearly detailed on the trade.
Initial margin: Rs.75000 (Regular)
Hedging capability: Can take long or short position from same account
Months: All months

Trading time:

Daily Open Time 3:45:00 AM
Daily Close Time 2:59:59 AM

Conclusion

Natural gas was once considered a throw-away byproduct of oil exploration. However, it has increased in relevance and importance as the world's crude oil reserves are slowly being depleted. As more efficient and inexpensive ways of liquefying natural gas are developed, it is steadily inching its way closer to becoming a viable fuel alternative for the future.
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