► A numerical analysis was presented to show that the actual Natural Gas to LNG std m3/m3 (scf/ft3) is not a universal constant generally accepted as 600. Sign up to receive the Tip of the Month directly to your inbox! Tap any unit block header to expand/collapse it. Then click Figure 6 [11] shows multiple deliveries of LNG throughout the world within 73% of the value of crude oil during the majority of this timeframe. In 2019, the crude oil market is maintaining prices in the ranges of 60-75 $/Bbl, refer to Figure 7 [12]. The location of these facilities are shown in Figure 1 [5]. gallons Btu megajoules liters Clear Calculate. 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. 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. Please pick one from the list. A year later the technology allowed us to create an instant units conversion service that became the prototype of what you see now. This is a conversion chart for normal cubic meter of natural gas (Natural Gas Energy Equivalent). These conversion factors are summarized in Table 1 [3]. and enjoyed Convert-me.Com. Does convert-me.com really exist since 1996? 1 barrel = 42 U.S. gallons = 5,698,000 Btu (based on U.S. production in 2019, preliminary) Gasoline conversion calculator . We provide conversion for a typical energy value. 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. 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. The origin of their definition comes only from properties of nature and not from any human construct. You can also go to the universal conversion page. Global LNG Market Price Compared with Oil Parity and NBP Pricing, Figure 9. Conversions may rely on other factors not accounted for or that have been estimated. The actual energy may vary up to 15%. Figure 2. The average closing prices for crude oil in 2018 was $65/bbl [8]. This Figure shows an extension of Figure 6, marking the further decrease in LNG prices from 6.50 $/MMBTU from the beginning of 2019. This page is also available in English. As such, with the U.S. entering the international LNG trade, new contract structures and business models are coming about, some of which are indexed to the Henry HUB pricing rather than the price of crude oil. Got ideas how to make it better? In addition, she serves on the GPSA Engineering Data Book Editorial Review Board, and prior to this role, served on the GPA Technical Research Committee, Sub-Group 2, for over 11 years. 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. 1 cubic foot (14.73 psia. To learn how we use any data we collect about you see our privacy policy. Natural gas; 67,000 cubic feet (your home) x; 1,037 Btu per cubic foot = 69,479,000 Btu; Heating oil; 500 gallons (neighbor's home) x; 137,381 Btu per gallon = 68,690,476 Btu ; Result: You used more energy to heat your home. Let’s review the calculations in detail to understand how the gas MW in kg/kmol [lbm/lbmol] and LNG liquid density change the calculated volume ratio for an operating LNG facility. In 2018, 20 Nations provided LNG for Export, with 42 Nations receiving the LNG at their Import Terminals [4]. To switch the unit simply find the one you want on the page and click it. Existing USA LNG Export Facilities [5], Summary of Common Natural Gas to LNG Conversions. ► A discussion summarizing parity of energy calculations for LNG to crude oil values was provided. Instantly Convert Million British Thermal Units (MMBtu) to Litres-atmosphere (atm) and Many More Energy, Work, And Heat Conversions Online. 2: Enter the value you want to convert (normal cubic meter of natural gas). Switch units Starting unit. Figure 5. again soon! The relative density of a liquid is defined as the density of the liquid relative to water at standard conditions: The LNG cryogenic liquid density is then equivalent to 453 kg/m3 (28.27 lbm/ft3). Cliquez pour vous rabattre en français. Natural Gas to LNG Conversions as a function of MW, Figure 3. A typical LNG MEMBRANE type carrier will accommodate some 170,000 m3, or approximately 21 % additional cargo and value. 1. 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]. She has a master's and bachelor's degree in Chemical Engineering and Petroleum Refining from the Colorado School of Mines, and over 20 years of experience in the oil and gas industry. GCAP (Gas Conditioning and Processing) Computer Program – Version 9.3.2, PS/JMC – 2019, 7. Our goal is to make units conversion as easy as possible. Higher heating value includes the energy of water vaporization. This figure represents the “spot” trading price of LNG, not the negotiated long-term contracts between individual suppliers and consumers. Global Spot LNG Market Prices $/MMBTU: Through May, 2018 [11], “Parity Pricing” Divergence Between Crude Oil and LNG in 2019, The very unfortunate state of LNG worldwide affairs beginning in late 2018 has been a noted downturn in the “Parity Pricing” of LNG vis a vis Crude Oil prices. 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. MRS. KINDRA MARIE SNOW-MCGREGOR is the Technical Director of Oil and Gas Processing with PetroSkills | John M Campbell. Historically the Japanese and Korean LNG supply contracts have been based on a “crude oil” cocktail pricing method – i.e., the price of LNG is indexed to the value of crude oil. Energy value of a LPG depends on a particular mixture of propane and butane. Lower heating value considers vapor not to be useful and does not count its energy. 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. 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. These conversions are based on the approximate conversion factors as published by BP. 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. Then click the Convert Me button. Contact | Figure 3 presents the values for a typical LNG cryogenic density (-160 °C / -260 °F) and atmospheric pressure [6]. The 2018 exports from the USA totaled some 28.4 BCM/yr (1 trillion cubic feet/yr) corresponding to roughly 21 mtpa [3]. Another interesting concept for LNG processing and subsequent export is the computation of the actual sale value of the product relative to other commonly traded fuels. Otherwise this site will not work Please choose one. Enter the value of your unit (normal cubic meter of natural gas). In physics, natural units are physical units of measurement based only on universal physical constants. The conversions on this site will not be accurate enough for all applications. BP recently published the international LNG trade statistics for 2018 in their Statistical Review of World Energy 2019. Figure 1. She has served as the technical lead on several significant projects in the industry for clients such as BP, ExxonMobil, ConocoPhillips, Occidental, QatarGas, and XTO.