Natural Gas News – January 14, 2021
New catalyst can make natural gas burn cleaner
Natural gas is the cleanest traditional fossil fuel source because it produces relatively low amounts of pollutants like carbon dioxide — a potent greenhouse gas and major contributor to climate change. But greenhouse gases and pollutants released by burning natural gas could be reduced even further with the help of advanced catalysts that help lower the temperature at which methane — the largest component of natural gas — is burned. “The more efficiently we burn methane and the less energy we use to burn it, the less greenhouse gas and pollutants it produces. So, anything we can do to get this combustion temperature down is an environmental win,” said Reza Shahbazian-Yassar, professor of mechanical and industrial engineering at the University of Illinois Chicago.
For more on this story visit sciencedaily.com or https://bit.ly/2N5GmF9
LNG Price Boom Obliterates Rally In Bitcoin
The surge to record highs for the price of spot liquefied natural gas (LNG) is being largely attributed to severe cold weather over much of northern Asia, but miscalculations by buyers of the fuel are probably a larger factor. The weekly spot price assessment settled at $21.45 per million British thermal units (mmBtu) on Jan. 8, eclipsing the prior record of $20.50 from February 2014. Prices have rallied an astonishing 1,060% since they hit an all-time low of $1.85 in May. There are also media reports of at least one transaction in the past week with a price of around $33 to $35 per mmBtu, which shows just how desperate some buyers are to secure supplies of the super-chilled fuel. For more on this story visit oilprice.com or https://bit.ly/38FGhjE