:Commodities - Global Specialized Traders
Friday Dec 14,2018 10:21:14 AM

::JETFUEL GRADE 54

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::GASOIL D2 L-0.2-62

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Natural gas is a major source of electricity generation through the use of gas turbines and steam turbines. Most grid peaking power plants and some off-grid engine-generators use natural gas. Particularly high efficiencies can be achieved through combining gas turbines with a steam turbine in combined cycle mode. Natural gas burns more cleanly than other fossil fuels, such as oil and coal, and produces less carbon dioxide per unit energy released. For an equivalent amount of heat, burning natural gas produces about 30% less carbon dioxide than burning petroleum and about 45% less than burning coal. Combined cycle power generation using natural gas is thus the cleanest source of power available using fossil fuels, and this technology is widely used wherever gas can be obtained at a reasonable cost. Fuel cell technology may eventually provide cleaner options for converting natural gas into electricity, but as yet it is not price-competitive.

As one of the world's largest importers of natural gas, the EU is a major player on the international gas market. With Norway being one of the world's largest suppliers of natural gas as part of the extended European Economic Area, most discussions can be conducted within the EU. The main supplier is then expected to be the current number two: the Russian Federation. Gas prices for end users vary greatly across the EU. A single European energy market, one of the key objectives of the European Union, should level the prices of gas in all EU member states.

Because of its low density, it is not easy to transport or store natural gas. Natural gas pipelines are impractical across oceans. Many existing pipelines in North America are close to reaching their capacity, prompting some politicians representing northern states to speak of potential shortages. In Europe, the gas pipeline network is already dense in the West. New pipelines are planned or under construction in Eastern Europe and between gas fields in Russia, Near East and Northern Africa and Western Europe. See also List of natural gas pipelines. LNG carriers transport liquefied natural gas (LNG) across oceans, while tank trucks can carry liquefied or compressed natural gas (CNG) over shorter distances. Sea transport using CNG carrier ships that are now under development may be competitive with LNG transport in specific conditions. Gas is turned into liquid at a liquefaction plant, and is returned to gas form at re-gasification plant at the terminal. Ship borne re-gasification equipment is also used. LNG is the preferred form for long distance, high volume transportation of natural gas, whereas pipeline is preferred for transport for distances up to 4,000 km over land and approximately half that distance offshore. CNG is transported at high pressure, typically above 200 bars. Compressors and decompression equipment are less capital intensive and may be economical in smaller unit sizes than liquefaction/re-gasification plants. Natural gas trucks and carriers may transport natural gas directly to end-users, or to distribution points such as pipelines.

::Disclaimer
While we believe that this assay is representative of the expected Liquid Gas commodity, it does not guarantee production quality, and users are solely responsible for their use of the assay. No warranties are given regarding the assay accuracy or any results from its use. ITC-GLOBALTRADE.COM does not warrant or make any representations regarding the use or the results of the use of the foregoing opinion, information or data in this site in terms of their correctness, accuracy, results, use, quality, reliability, or otherwise.

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