natural gas Hear it!

natural gas Definition

natural gas

noun

a mixture of gaseous hydrocarbons, chiefly methane, occurring naturally in the earth, often in association with petroleum deposits, and piped to cities, factories, etc., to be used as a fuel

natural gas Finance Definition

A commodity that is used to heat homes and businesses. Other uses include heating water, running air conditioning in the summer, and generating power. Industrial uses include serving as the base ingredient for products such as plastics, fertilizers, antifreeze, and fabrics. Futures and options contracts are traded on natural gas on the New York Mercantile Exchange (NYMEX). The Natural Gas Policy Act of 1978 deregulated the natural gas industry, which opened up the possibility for trading. In April 1990, NYMEX launched the world’s first natural gas futures contract, and in October 1992, it launched options on natural gas futures. NYMEX contracts are based on natural gas that is deliverable to the Henry Hub trading complex in Louisiana.

natural gas Usage Examples

Converse of object

  • liquefy: Britain also buys a liquefied natural gas via a tanker terminal in Kent.
  • compress: There now seems little financial encouragement for drivers to turn to other cleaner fuels, such as compressed natural gas or bioethanol.
  • transport: The idea of transporting natural gas was first considered by Holts in the 1960's when the carriage of LNG was in its infancy.
  • offer: Assessment centers are already offering domestic natural gas and LPG in permanent dwellings ' tailored ' and packaged initial assessments.

Adjective modifier

  • Russian: Gazprom, which is already the monopoly supplier of Russian natural gas to Europe, now wants a similar monopoly over exports to Asia.
  • domestic: Assessment centers are already offering domestic natural gas and LPG in permanent dwellings ' tailored ' and packaged initial assessments.