Natural Gas News – April 26, 2018

Natural Gas News – April 26, 2018

New Natural Gas Catalyst Would Boost Clean Transportation

Eurek Alert reported: Thanks to advances in drilling technology, there is enough natural gas in the U.S. to last well into next century and beyond. This has renewed the idea of using inexpensive, domestically produced natural gas as a transportation fuel. Primarily made up of methane, natural gas is a cleaner burning fuel than gasoline or diesel when it comes to hydrocarbons and nitrous oxides, but the undesired “slip” of unreacted methane can reduce that advantage because methane is a potent greenhouse gas. The U.S. Department of Energy has chosen a team led by a chemical engineer from the University of Houston for a $2 million project to develop and optimize a lower-cost, more efficient catalyst to eliminate unreacted methane. Michael Harold, chairman of the UH Department of Chemical and Biomolecular Engineering, will work with Lars Grabow, associate professor of chemical and biomolecular engineering at UH, and researchers from the Oak Ridge National Laboratory, the University of Virginia and CDTi Inc., an emissions technology company based in Oxnard, Calif. For more on this story visit eurekalert.org or click https://bit.ly/2FiAkaz

Prices of Oil, Natural Gas, Coal Set to Rise by 20% This Year: World Bank

Economic Times reported: Prices for energy commodities like oil, natural gas and coal are expected to jump by a whopping 20 per cent this year, the World Bank has said in a report. The increase in energy prices is expected to have adverse impact on India, given that the country is heavily dependent on import of major energy commodities. The latest World Bank forecast is a 16 -percentage point upward revision from October’s outlook, the World Bank said in its April Commodity Markets Outlook released on Tuesday. Oil prices are forecasted to average $65 a barrel over 2018, up from an average of $53 a barrel in 2017. For more on this story visit economictimes.com or click https:// bit.ly/2KhqzNp

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The information contained herein is derived from sources believed to be reliable; however, this information is not guaranteed as to its accuracy or completeness. Furthermore, no responsibility is assumed for use of this material and no express or implied warranties or guarantees are made. This material and any view or comment expressed herein are provided for informational purposes only and should not be construed in any way as an inducement or recommendation to buy or sell products, commodity futures or options contracts.

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