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If we assume a 300 lbm/STB (API = 33.6) oil sample with a specific gravity = 0.857, then the value of a bbl of oil in $/MMBTU is shown below: Figure 5 [9], provides the market price of LNG quoted in  $/MMBTU for the Japan Cleared Customs (JCC), Korea LNG< and Japan Korea Marker (JKM) from 2013 - 2019. The JKM reflects pricing for “spot” trades, and as can be seen in the figure, is significantly more volatile than the long-term contract pricing. Varieties of LPG bought and sold include mixes that are mostly propane (C₃H₈), mostly butane (C₄H₁₀) and, most commonly, mixes including both propane and butane. You can also go to the universal conversion page. Federal Energy Regulatory Commission (FERC) - 2018 (Waterborne Energy, Inc. Data supplied by HIS Global Inc.), 12. https://www.eia.gov/todayinenergy/detail.php?id=37852, 14. 2009-2020, Million British Thermal Units to Litres-atmosphere, Litres-atmosphere to Million British Thermal Units, http://www.kylesconverter.com/energy,-work,-and-heat/million-british-thermal-units-to-litres--atmosphere, Million British Thermal Units to Dekatherms (EC), Million British Thermal Units to Dekatherms (UK), Million British Thermal Units to Dekatherms (US), Million British Thermal Units to Kilowatt-Hours, Million British Thermal Units to Cubic Feet of Natural Gas, Creative Commons Attribution 3.0 Unported License, 1 Million British Thermal Units to Litres-atmosphere = 10412591.6864, 70 Million British Thermal Units to Litres-atmosphere = 728881418.045, 2 Million British Thermal Units to Litres-atmosphere = 20825183.3727, 80 Million British Thermal Units to Litres-atmosphere = 833007334.908, 3 Million British Thermal Units to Litres-atmosphere = 31237775.0591, 90 Million British Thermal Units to Litres-atmosphere = 937133251.772, 4 Million British Thermal Units to Litres-atmosphere = 41650366.7454, 100 Million British Thermal Units to Litres-atmosphere = 1041259168.64, 5 Million British Thermal Units to Litres-atmosphere = 52062958.4318, 200 Million British Thermal Units to Litres-atmosphere = 2082518337.27, 6 Million British Thermal Units to Litres-atmosphere = 62475550.1181, 300 Million British Thermal Units to Litres-atmosphere = 3123777505.91, 7 Million British Thermal Units to Litres-atmosphere = 72888141.8045, 400 Million British Thermal Units to Litres-atmosphere = 4165036674.54, 8 Million British Thermal Units to Litres-atmosphere = 83300733.4908, 500 Million British Thermal Units to Litres-atmosphere = 5206295843.18, 9 Million British Thermal Units to Litres-atmosphere = 93713325.1772, 600 Million British Thermal Units to Litres-atmosphere = 6247555011.81, 10 Million British Thermal Units to Litres-atmosphere = 104125916.864, 800 Million British Thermal Units to Litres-atmosphere = 8330073349.08, 20 Million British Thermal Units to Litres-atmosphere = 208251833.727, 900 Million British Thermal Units to Litres-atmosphere = 9371332517.72, 30 Million British Thermal Units to Litres-atmosphere = 312377750.591, 1,000 Million British Thermal Units to Litres-atmosphere = 10412591686.4, 40 Million British Thermal Units to Litres-atmosphere = 416503667.454, 10,000 Million British Thermal Units to Litres-atmosphere = 104125916864, 50 Million British Thermal Units to Litres-atmosphere = 520629584.318, 100,000 Million British Thermal Units to Litres-atmosphere = 1.04125916864E+12, 60 Million British Thermal Units to Litres-atmosphere = 624755501.181, 1,000,000 Million British Thermal Units to Litres-atmosphere = 1.04125916864E+13. 60 o F) = 0.02832784 m3 (101.325 kPa 15oC) NATURAL GAS VOLUME psig MPa 200 1.378951 400 2.757903 600 4.136854 800 5.515806 1,000 6.894757 1,200 8.273708 0.342136 PIPE PRESSURE 1 Btu 60/61°F = 1,054.615 J 1 Btu (IT) = 1,055.06 J 1 foot-pound = 1.355818 J 1 horsepower-hour = … Does convert-me.com really exist since 1996? Please make sure JavaScript is not disabled in Please share if you found this tool useful: (adsbygoogle = window.adsbygoogle || []).push({}); A reasonable effort has been made to ensure the accuracy of the information presented on this web site. 2: Enter the value you want to convert (normal cubic meter of natural gas). A useful parity index is the UK NBP (National Balancing Point Price) pricing index that equates energy sales based on the world’s major currencies, as shown by Figure 8. Assume the LNG relative density has been determined as 0.453. Higher heating value includes the energy of water vaporization.

Approximate Natural Gas and LNG Conversions [3].

The August 2019 Tip of The Month, “A Primer on LNG - What is it, Where does it fit, and The New Kid on the Block “[1] provided a high level summary of the history of LNG, from the maiden voyage of the Methane Pioneer, to the current world trade statistics for 2017 [2].

To switch the unit simply find the one you want on the page Got ideas how to make it better? In 2018, 20 Nations provided LNG for Export, with 42 Nations receiving the LNG at their Import Terminals [4]. Figure 7: Brent and WTI Oil Spot Price through mid-2019 [12], Figure 8. As shown by Figure 2, the conversion of a typical candidate LNG feed stream, yields values in m, It should be noted that the natural gas must be the actual “process gas” stream to the liquefaction facility and not the inlet gas to the plant, which goes through pre-conditioning to remove contaminants and heavier hydrocarbons. The situation is rather troublesome for any and all world exporters of the LNG energy commodity relying their trade on the spot market, and only time will tell if and/or when the imbalanced situation will stabilize. For 2018, assuming an average value of $10/MMBTU, the value of LNG per tonne is calculated as follows: What Is the Cargo Value of a Typical LNG Carrier?? However, the accuracy cannot be guaranteed. Energy value of a LPG depends on a particular mixture of propane and butane. (scc), cubic foot of atmosphere, standard cubic foot 1 barrel = 42 U.S. gallons = 5,698,000 Btu (based on U.S. production in 2019, preliminary) Gasoline conversion calculator . Only three years prior, in 2015, the U.S. did not rank as an LNG exporter (0.7 mtpa) to put the rapid growth in U.S. liquefaction capacity into perspective. Conversions were presented graphically, and the final gas to liquid LNG ratios were shown to vary discreetly between some 15 – 20 % below and above the 600 value. BP – Statistical Review of World Energy , 2018 ( for 2017), 3.

cubic centimeter of atmosphere, standard cubic centimeter

and enjoyed Convert-me.Com. As can be seen, in 2019 there has been a divergence between the parity values of LNG to crude oil, largely attributed to oversupply in the market. again soon! Notice that this density is by no means the reported “specific gravity” in many engineering data reference manuals for methane at standard conditions which is 300 kg/m3 (18.72 lb/ft3) [7]. Click here to view it in English.

Calculators | At the end of January 2019, however, and with less than one year’s difference, the landed value of spot market trade LNG is at an average of just above 4 $/MMBTU as shown by Figure 9 [14]. NATURAL GAS LIQUID VOLUME from 60 o F to 15 o C, at equilibrium pressure. K. Snow-McGregor , F. E. Ashford Tip of The Month, “A Primer on LNG - What is it, Where does it fit, and The New Kid on the Block,“ PS/JMC August - 2019, 2. The conversions on this site will not be accurate enough for all applications. A commonly accepted and referenced value of the decrease in volume of natural gas to LNG is roughly 600:1. Sorry, we don't know this substance. Tap any unit block header to expand/collapse it.

The “average” JCC price for LNG in 2018 was roughly $10/MMBTU [10]. Considering that LNG is sold on an “energy” basis value, one can determine an “EQUIVALENT LNG“ sales price based on the on the variable price for a bbl of crude oil. To switch the unit simply find the one you want on the page and click it.

Figure 5. It should be noted that the Kenai, Alaska LNG facility was not operational during this period. The 2018 Exports from the USA totaled 28.4 BCM/yr (1 tcf/yr) corresponding to 21 mtpa  The US was the world’s 6th largest LNG exporter during 2017, and rose to number four, following Qatar, Australia, and Malaysia during 2018. We provide conversion for a typical energy value. GPSA Engineering Data Book : 14th Edition – 2017, 8. https://www.eia.gov/todayinenergy/detail.php?id=37852, 9. https://www.csis.org/blogs/energy-headlines-versus-trendlines/oil-still-drives-asian-lng-prices, 10. https://ycharts.com/indicators/japan_liquefied_natural_gas_import_price, 11.

MRS. KINDRA MARIE SNOW-MCGREGOR is the Technical Director of Oil and Gas Processing with PetroSkills | John M Campbell.

It seems the balance of 2019 for all world LNG exporters as well as importers could be a very unpredictable and perhaps unstable period for this sector of the world energy commerce if they are depending upon the spot market for their sales.

Energy value of a liquefied natural gas depends on the source of the gas and he process that is used to liquefy the gas.

As can be seen by the current sport market LNG prices, we are in a situation of oversupply, however, for importing countries with extra storage capacity, this represents a huge buyers opportunity. The conversions provided above then result in: For these types of conversions to be accurate, the cryogenic LNG density must be known. The base conversions are shown below: As an example, consider a natural gas (LNG) stream with MW = 17.4 kg/kmol (lb/lbmol). This is a conversion chart for normal cubic meter of natural gas (Natural Gas Energy Equivalent). 1 cubic foot (14.73 psia.

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