Natural gas is formed either by methane-releasing microorganisms in swamps or by pressurizing organic material deep underground. These two processes are geographically rare; however, despite such particular factors for natural gas formation, there are three major reserves in Canada, the U.S., and Russia. Utilized in almost everything from major electricity generation to fertilizers, natural gas has many applications and, perhaps, a bright future in green transportation. Although notoriously volatile in markets, natural gas has consistently grown to nearly a third of world energy consumption over the past decade.
Natural Gas Contract Specifications
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Last updated September 2015.