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What does non-Tet mean?
Market Specifications “NGL-MONT BELVIEU N. BUTANE (NON-TET)-OPIS” means that the price for a Pricing Date will be that day’s Specified Price per gallon of normal butane for delivery on the Delivery Date, stated in U.S. cents, published under the heading “Mont Belvieu Spot Gas Liquids Prices: Non-TET N.
What does NGL mean in TET?
The delivery location of the propane is a function of the propane product being traded, i.e., the delivery location for TET propane is the TEPPCO storage facility, and the delivery location for non-TET propane is either Dynegy or Enterprise. “Propane.” Propane is one of the five primary natural gas liquids (NGLs).
What is Tet butane?
TET butane is refinery grade and it can only be used for gasoline blending. Non-TET purity normal butane is more valuable since it can be used for isomerization, as a petrochemical feedstock and in gasoline blending.
What does LDH propane mean?
Louis Dreyfus Highbridge
The provisions of these rules shall apply to all liquefied propane gas bought or sold for future delivery on the Exchange with delivery at the Lonestar NGL Energy Transfer (formerly Louis Dreyfus Highbridge (LDH)) facility in Mont Belvieu, Texas.
What is propane trading?
US Residential Propane Price is at a current level of 2.983, up from 2.975 last week and up from 2.322 one year ago.
Are propane and gas the same thing?
There are a lot of similarities and differences between natural gas and propane. Both are odourless, colourless, and clean-burning fossil fuels. Propane is more energy-efficient and considered to be a green fuel, while natural gas is not. Natural gas is delivered to houses via gas pipelines.
What is the Henry Hub for natural gas?
Henry Hub is a natural gas pipeline located in Erath, Louisiana, that serves as the official delivery location for futures contracts on the New York Mercantile Exchange (NYMEX). The hub is owned by Sabine Pipe Line LLC and has access to many of the major gas markets in the United States.
Do Dinosaurs make oil?
Petroleum is made from aquatic phytoplankton and zooplankton, and because petroleum is created by biomass, plastic also is a form of biomass.
Where does crude oil come from?
Crude oil is a naturally occurring fossil fuel – meaning it comes from the remains of dead organisms. Crude oil is made up of a mixture of hydrocarbons – hydrogen and carbon atoms. It exists in liquid form in underground reservoirs in the tiny spaces within sedimentary rocks.
Is CNG a propane?
CNG and LPG fuel also have both similarities and differences. While CNG is comprised of methane, LPG is comprised of propane and butane. CNG is typically used as a substitute for gasoline in automobiles, while LPG is often used in the industrial, refrigeration, agricultural and catering industries.
What happens if you use propane on a natural gas stove?
Running propane through an orifice designed for natural gas and lower pressure will result in an overly large flame and soot. The flame will be bigger and may cause damage and even an explosion. This is because the orifice jet designed for natural gas is larger than the one for propane.