Natural gas is a source of non-renewable energy. It is basically obtained from fossil fuels. It is composed of the dead remains of plants and animals that are trapped under the thick layer of dirt for millions of years and are subjected to heat and pressure.
It is a gaseous mixture made up of several hydrocarbons and gases such as nitrogen, methane, and carbon dioxide. It is a flammable and colourless gas. It produces less carbon dioxide and has fewer impurities.
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The top natural gas-producing countries are Russia, Iran, Qatar, Turkmenistan, and the United States.
Key Details About the Natural Gas Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the silver price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel_ files that can be used offline.
The Natural Gas price Trend, chart, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Natural Gas Price Trend:
The demand for natural gas is increasing, due to its usage in producing power and providing heat for cooking purposes. It is also widely used as a fuel in various automobiles, which further increases the growth of the market.
Natural gas plays an essential role as a chemical feedstock in the creation of fertilisers, polymers, and dyes, which is further propelling the market of natural gas.
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It is employed as a raw material and a heating source to produce chemicals, fertilisers, and hydrogen. It is also employed in the manufacturing of plastics and other essential organic chemicals as a feedstock.
Key Market Players:
- Gazprom PAO,
- Royal Dutch Shell Plc
- Exxon Mobil Corporation,
- Total SA,
- PetroChina Company Limited,
- BP Plc
About Us:
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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