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Gas

The growth rate of Russia's GDP in January amounted to 4.6% YoY against 4.4% YoY in December 2023, according to data from the Ministry of Economic Development of Russia.
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Gas extraction from underground storage facilities (UGS) in Europe has reached a maximum since February 2021 and exceeds 900 million cubic meters per day against the background of significant fall in temperature. The total reserves in the EU UGS dropped below 83%
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In 2023, Asian nations, predominantly China, emerged as the primary importers of Russian oil, marking a significant shift in Russia's oil export strategy
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Kazakh oil and gas company Kazmunaigas (KMG), Chinese Sinopec and Hungarian MOL have put into commercial operation the large Rozhkovskoye gas condensate field in the West Kazakhstan region
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Gas withdrawal from European underground storage facilities (UGSF) in November 2023 turned out to be 25% higher than last year
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Gas consumption by the European Union (EU) countries in October 2023 increased by 5.1% year-on-year, to 23.6 billion cubic meters amid a revival in the industrial sector and electricity production.
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The West Siberian Scientific and Educational Center in Russia has patented a method for swiftly transforming natural gas into solid granules using biodegradable catalysts. This innovation enables the transportation of gas from fields without the need for pipelines or liquefaction.
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The World Bank (WB) believes that further escalation of the conflict in the Middle East could threaten to increase oil prices by 75% — up to $ 157 dollars per barrel. Such an assessment is given in the October report of the World Bank "Prospects for commodity markets".
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The Chinese oil and gas major PetroChina reported for 1H 2023. The company's revenue decreased by 8.3% YoY to RMB 1,479.9 billion, operating profit increased by 1.3% to RMB 120.6 billion.
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Natural gas is a fossil fuel that is formed from the remains of plants and animals that lived millions of years ago. It primarily consists of methane (CH4) but also contains small amounts of other hydrocarbons, carbon dioxide, nitrogen, hydrogen sulfide, and sometimes helium. Here's a more detailed breakdown of its characteristics and uses:

Characteristics of Natural Gas:

Composition: Mainly methane, with traces of ethane, propane, butane, and other gases.
Colorless and Odorless: In its natural state, it's colorless, odorless, and tasteless. An odorant, usually mercaptan, is added for safety to detect leaks.
Cleaner Burning: It burns cleaner than other fossil fuels, producing less carbon dioxide per unit of energy released.
High Energy Content: Provides a significant amount of energy for heating, electricity generation, and other uses.

Uses of Natural Gas:

Heating: It's widely used in residential and commercial buildings for heating and cooking. Gas furnaces, boilers, and water heaters are common appliances.
Electricity Generation: Natural gas is a major source of electricity generation through natural gas-powered turbines.
Industrial Uses: Employed in various industries for heating, as a raw material for chemical products like fertilizers, plastics, and pharmaceuticals.
Transportation: Compressed Natural Gas (CNG) and Liquefied Natural Gas (LNG) are used in some vehicles as a cleaner alternative to gasoline and diesel.
Cooking: Gas stoves and ovens are preferred in many households and restaurants for their control and efficiency.

How to Use Natural Gas Safely:

Proper Installation and Maintenance: Appliances should be installed and regularly maintained by qualified professionals.
Ventilation: Ensure good ventilation to prevent carbon monoxide buildup.
Leak Detection: Be aware of the smell added to natural gas (similar to rotten eggs) to detect leaks. Install carbon monoxide detectors.
Emergency Procedures: Know how to turn off the gas supply in your home and what to do in case of a leak (evacuate and call emergency services).
Regular Inspections: Have your gas lines and connections inspected regularly to ensure they are in good condition.

Environmental Impact:

Climate Change: Although cleaner than coal and oil, burning natural gas still emits greenhouse gases.
Methane Leaks: Methane, a potent greenhouse gas, can leak from natural gas infrastructure, contributing to climate change.

Future and Alternatives:

As the world moves towards renewable energy, the role of natural gas is often seen as a "transition fuel". However, its long-term sustainability is debated.

Alternatives like solar, wind, and hydroelectric power are gaining more prominence in energy generation, reducing the dependence on fossil fuels including natural gas.

In summary, natural gas is a crucial energy source globally, valued for its efficiency and relatively cleaner combustion compared to other fossil fuels. However, its role in future energy scenarios is increasingly being reassessed in light of climate change concerns and the rise of renewable energy technologies.