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British thermal unit
The quantity of heat required to raise the temperature of one pound of water one degree of Fahrenheit at or near 39.2 degrees Fahrenheit. (source: EPA) Background from Wikipedia The British thermal unit (BTU or Btu) is a unit of energy used in the United States. It is also still occasionally encountered in the UK, in the context of older heating and cooling systems. In most other areas, it has been replaced by the SI unit of energy, the joule (J). A Btu is defined as the amount of heat required to raise the temperature of one pound avoirdupois of water by one degree Fahrenheit. 143 Btu is required to melt a pound of ice. As is the case with the calorie, several different definitions of the Btu exist, which are based on different water temperatures and therefore vary by about 0.5%: In the United States, the term "BTU" is often used to describe either energy (properly) or (improperly) power. It is used correctly to describe the heat value (energy content) of fuels, and just as frequently to describe the power in BTU per hour (often confusingly and incorrectly abbreviated to "BTU") of heating and cooling systems (such as barbecue grills or air conditioners). The BTU is a unit of energy, and therefore not a unit of power, so while power can be measured in BTU-per-hour (BTU/h), it cannot be measured in BTU any more than it can be measured in milliseconds. Zee News,Islamabad earlier wanted 0.70 dollars per British thermal unit as wheeling charges but New Delhi was willing pay no more than 0.55 dollars per mbtu (220 Petcoke it is - Oct 21, 2007 Jamaica Observer,But even if sourced the cost of LNG are currently placed at US$6.05 per MBtu (million British thermal unit), just under the cost of Heavy Fuel Oil (HFO) Higher sales drive Petronet Q2 profit after tax up 75% - Oct 18, 2007 Hindu Business Line,During the quarter, the company processed and sold 83.21 trillion British thermal unit (tBtu) of gas achieving 135 per cent of capacity utilisation. `Cooperate, collaborate and then compete` - Oct 18, 2007 Business Standard,If you see the pricing stricture in India, the price varies from $2 per million British thermal unit (mBtu) (the controlled price), to $3.86 per mBtu for Market-determined price for gas? - Sep 23, 2007 Economic Times,The pricing formula will have four basic elements — a floor price of $2.5 per million British thermal unit, linkage to benchmark Brent crude (with a band of Sector Watch: Natural Gas Stocks Could Heat Up if Temperatures Drop - Oct 3, 2007 Optionetics,In the fourth quarter of 2000, prices surged from approximately $5.50 per million British Thermal Unit [BTU] to $9.78, or 88.6%. FMM urges Government to review energy policy - Oct 10, 2007 Malaysia Star,It claimed that the world natural gas pricing had never been at RM40 per million British thermal unit (mmBtu) as stated in a recent news report. Renegotiate KG deal: HC to Ambanis - Oct 15, 2007 Business Standard,RNRL approached the court last year asking it to direct RIL to honour the agreement to supply gas to it at $2.34 per million British thermal unit. Oil edges up after 3 days of falls, traders bet on decline in US ... - Sep 26, 2007 Forbes,Natural gas for November delivery in New York on the Nymex exchange was down 0.034 usd at 6.326 usd per mln British thermal unit (mmbtu). India cool to Iran talks with Pak on LNG pipeline project - Sep 27, 2007 Times of India,...gas would be priced at $4.93 per mbtu (million British thermal unit) and wanted it to remain the basis of pricing of gas for the entire 25-year contract. Oil falls as storm threat fades, some see recent rally as ... - Sep 24, 2007 CNNMoney.comNatural gas for October delivery in New York on the Nymex exchange was up 0.109 usd at 6.189 usd per mln British thermal unit (mmbtu). Burning Firewood Doesn't Chop Heating Costs - Oct 12, 2007 Realty Times,...likely to save you money, when compared dollar-for-dollar and Btu-for-Btu (British Thermal Unit -- a measure of heat levels) with other heating fuels. RIL gets formal nod for KG gas pricing formula - Oct 11, 2007 Hindu Business Line,...which priced the gas from RIL’s D6 block in Krishna Godavari Basin at $4.2 per million British thermal unit (mBtu) at delivery point (Kakinada) for the Reliance gets gas price approval letter - Oct 11, 2007 Rediff,..."The letter approving a price of $4.20 per million British thermal unit (mBtu) for first five years of production from KG-D6 was issued by the Petroleum Crisil rating review - Oct 11, 2007 Calcutta Telegraph,New Delhi, Oct. 11: The government has approved Reliance Industries’ proposed gas price formula at $4.20 per million British thermal unit for the first five RIL gets approval for oil price - Oct 11, 2007 Commodity Online,The letter reportedly approves a price of $4.20 per million British thermal unit (mBtu) for first five years of production from KG-D6. Bolivia raises gas prices for Brazil, Argentina - Oct 9, 2007 People's Daily Online,Brazil now pays 4.70 US dollars per million British thermal unit instead of the 4.20 dollars it was paying previously, while Argentina pays 6.01 dollars DJ US Commodities: Gold, Silver Give Up Overnight Gains - Oct 16, 2007 Ohio Farmer,Natural gas for November delivery settled floor trading 7.8 cents lower at $7.367 a million British thermal unit. On ICE Futures US, pit-traded December India's loss may be China's gain, says Iran - Sep 28, 2007 Tehran Times,India, Pakistan, and Iran had mutually agreed to a price of $4.93 per million British thermal unit (mBtu) for the gas from the South Pars field in Iran. Funds call for cost pass-through mechanism for TNB - Sep 27, 2007 Malaysia Star,TNB pays RM6.40 per mmBtu (million British thermal unit) for the gas used for power generation. That compares with the market price of about RM40 per mmBtu. National Fuel Reports Seneca's Operational Results in its ... - Oct 11, 2007 Canada NewsWire (press release),...adjusted for British Thermal Unit ("BTU") and basis differential, gathering expense, and processing expense (net effect equates to $8.12 per MCF). Saving Money and the Environment With New Roof Technology - Sep 24, 2007 AZoBuild,R30 attic floor insulation and used this roof and attic system, the nation could reduce its Btu (British Thermal Unit) demand by about 100 trillion Btu. Decision on gas price hike soon, says PM - Sep 24, 2007 Daily Express,Petronas sells subsidised gas to Tenaga Nasional Bhd and independent power producers at RM6.40 per mmBtu (per million British thermal unit), which was fixed Job growth news boosts TSX, dollar rises to $1.018 - Oct 6, 2007 Ottawa Citizen,Natural gas was down 33.9 cents to $7.073 US per million British thermal unit. Gold futures gained, paring the metal's first weekly drop after a six-week Profit-taking, oil stocks send TSX to triple-digit loss - Oct 4, 2007 Ottawa Citizen,Natural gas on the New York Mercantile Exchange fell 15 cents to $7.277 US per British thermal unit on rising inventories and forecasts for mild weather. Gas without borders - Oct 1, 2007 HardNews Magazine,This has benefited Iran because the price of gas at the Indian border is now projected at around $5/ One Billion British Thermal Unit (MMBtu) against an AP will fall in line with Centre's decision on RIL gas: Reddy - Sep 27, 2007 Press Trust of India,...a price of 4 dollars per million British thermal unit (mBtu) for the natural gas RIL plan to produce from eastern offshore KG-D6 block from July 2008. Govt to hike APM gas price in a month - Sep 26, 2007 GreaterKashmir.com (press release),Commission had in May this year recommended a base minimum producer price of Rs 3.6 per cubic meter (2.21 dollars per million British thermal unit). Egypt removes subsidies - 18 Aug 2007 AME Info,The policy will see gas prices rise from around $1.3 per British thermal unit (BTU) to close to $2.7 BTU. Replication or redistribution in whole or in part Dabhol power plant in Maharashtra shut again - Aug 17, 2007 Hindustan Times,This essentially meant that fuel prices for Essar Steel and GSPC, which were paying 3.86 dollars per million British thermal unit for the R-LNG, Demand-Side Economics - Aug 17, 2007 Forbes,...energy analyst's unit of choice for counting the demand (and supply) impact of energy-consuming technologies is the archaic BTU; British Thermal Unit. PM panel clears RIL gas price, suggests transparent rebid - Aug 17, 2007 Zee News,EAC chairman C Rangarajan, who was asked to look into the price of 4.33 dollar per million British thermal unit proposed by RIL, in his report dated August NTPC to infuse additional equity in Dabhol project - Aug 12, 2007 Business Standard,The spot LNG would be available at a cost of $7-$11 per million British thermal unit. “The delay will impact the project viability and interest during Govt may move court on Reliance gas price - Aug 15, 2007 Hindustan Times,Reliance Industries has also sought government approval to sell gas at $4.34-4.58 per million British thermal unit. However, the issue has been referred to El Paso Corporation Provides Second Quarter 2007 Financial Results - Aug 7, 2007 CNNMoney.comEl Paso has expanded its hedge position for 2008 with new positions that create an $8.00-per-million-British-thermal-unit (MMBtu) floor price and a $12.00 High stockpiles could dampen Japan LNG demand - Aug 16, 2007 Gulf News,...and Japan at around $12 to $13 per million British thermal unit (Btu), up from prompter spot trades at about $10 to $11 per mmBtu, market sources said. M`rashtra to challenge order on gas prices - Aug 2, 2007 Business Standard,Ratnagiri Gas and Power (RGPPL) will get gas at the price of Rs 390 Million Metric British Thermal Unit (MMBTU) instead of Rs 240 MMBTU. 'Power cos should get gas at upto $2.8 per mbtu' - Aug 5, 2007 Business Standard,...in the price range of $1.5-2.8 per million British thermal unit (mBtu), while questioning the exorbitant returns the producers of such fuel get. Give gas to power sector for $1.5-2.8 mbtu: ADAG - Aug 5, 2007 Economic Times,...the price range of $1.5-2.8 per million British thermal unit while questioning the exorbitant return up to 225 per cent for the producers of such fuel. Govt may allow market price for RIL KG gas - Aug 1, 2007 Business Standard,Gas Corporation (ONGC) and British Gas, is selling gas from the Panna-Mukta and Tapti fields for around $4.75 per million British thermal unit (mBtu). Imports cheaper at $5 mBtu: Ministry - Jul 30, 2007 Business Standard,The department of fertiliser has said gas priced at over $5 per million British thermal unit (mBtu) will force the country to remain import-dependent. 'RIL's NPTC bid not in accordance with Govt policy' - Aug 10, 2007 Hindu,10 (PTI): Reliance Industries' bid to supply natural gas to state-run NTPC at a rate of 2.34 dollar per million British thermal unit was not in accordance MHI Receives First Order for Blast-Furnace-Gas Fired GTCC Power ... - Aug 8, 2007 Japan Corporate News (press release),However, because BFG has a lower calorie rating than natural gas - only about one-tenth in BTU (British thermal unit) parameters - stable combustion of ONGC seeks gas price of $4.75 per mBtu - Aug 8, 2007 Economic Times,6-billion dollar investment could become infructious if it did not get a minimum market price of 4.75 dollars per million British thermal unit (mBtu). HC stay on gas supply brings Dabhol production to a halt - Aug 7, 2007 Economic Times,The GSPC said new consumers pay around $5.93 per million British thermal unit (mmbtu) as against $4.50 per mmbtu by RGPPL. The HC order is another big blow SC extends stay on LNG pricing - Aug 7, 2007 Hindu,...they would not be able to sell RLNG purchased at a price in excess of USD 9 per million British thermal unit (mBtu) from Petronet. Ministers to look into gas pricing - Aug 6, 2007 Hindu,The RIL, drawing from its right under the contract for the KG-D6 block, has proposed to price the gas between $4.33 per million British thermal unit (mBtu) PM sets up EGoM on Reliance gas pricing - Aug 6, 2007 Indian Express,Reliance had proposed a gas price of $4.33 per million British thermal unit (mbtu) to $4.58 per mbtu. But stakeholders in the fertiliser and power sectors PM sets up EGoM on Reliance gas price - Aug 6, 2007 Hindustan Times,RIL, drawing from its right under the contract for KG-D6 block, proposed to price the gas between 4.33 dollars per million British thermal unit and 4.58 Reliance mulls putting gas field investments on hold - Aug 5, 2007 Outlook (subscription),...beginning July 2008, in absence of the Government approval for gas price of up to 4.58 dollars per million British thermal unit, industry sources said. RIL's gas pricing arbitrary: ADAG - Aug 5, 2007 NDTV.com,...gas and the formula by RIL, which seeks to sell gas at up to $4.58 per million British thermal unit at the landfall point at Kakinara in Andhra Pradesh. Government: Morales signed energy business $ 1.000 millions unlike ... - Aug 12, 2007 RedBolivia.com...from 2.5 to 5 dollars for million of BTU (British thermal unit) of and from 7.7 million daily meters of gas to 27 millions starting in 2010; Paswan voices concern over high gas price - Aug 5, 2007 Calcutta Telegraph,...the government that fertiliser production will become unviable if it fixes delivered gas prices at above $5 per million British thermal unit (mbtu). SC to decide imported LNG pricing issue on Aug 7 - Aug 3, 2007 Economic Times,Petronet's long-term LNG import price of $2.53 per million British thermal unit (mBtu) was averaged with spot LNG, priced at about $8.5 per mBtu. Govt. to decide on RIL gas price by next weekend - Aug 3, 2007 Hindu,Ministries of fertiliser and power and Mukesh's younger brother Anil had opposed RIL's price of up to 4.58 dollars per million British thermal unit for gas Deora says no scope for Govt intervention in RIL gas price - Aug 2, 2007 Economic Times,Mukesh Ambani-run RIL has proposed to sell gas at a price ranging between 4.58 dollars per million British thermal unit (at USD to rupee rate of 41) and Corn-fed ethanol production fuels controversy - Aug 12, 2007 Lawrence Journal World,The report states that the fossil energy put into growing corn for ethanol is lower than the amount of energy produced — 0.74 million British thermal unit Jakarta shares sharply higher in early trade; PGN, Telkom lead rebound - Aug 1, 2007 Forbes,PGN had initially planned to hike its gas price by 10 percent to 5.50 US dollars per million British thermal unit (mmbtu). At 10:15 am, the composite index Gas pricing to raise import dependency - Jul 31, 2007 United Press InternationalNEW DELHI, July 31 (UPI) -- India's Fertilizer Department says gas priced at $5 per million British thermal unit would increase import dependency. Allow markets to decide gas prices, says Panel - Jul 27, 2007 Hindustan Times,On the other hand, RIL had argued that government revenues at $ 4.3 per million British thermal unit (mBtu) price would more than compensate for rise in IOC`s LNG project at Ennore found unviable, put on hold - Jul 27, 2007 Business Standard,The deal has since hit a roadblock with Iran asking for $4.78 per million British thermal unit of gas, while India is not willing to pay more than the CoS submits report on RIL's KG basin gas pricing - Jul 27, 2007 Economic Times,The price of $4.33 per million British thermal unit (mBtu) proposed by RIL for the gas it plans to produce from KG-D6 from July 2008 had met stiff PM sets up minister's group on gas pricing - Aug 7, 2007 NewKerala.com,Ambani on the price fixed by the company at between $4.33 per million British thermal unit (mBtu) and $4.58 mBtu under its contract for the KG-D6 block. Mashal quotations by Aug 31 - Aug 10, 2007 The News - International,...said it would depend on trends prevailing in international market but hoped that it would range between $6-$7 per million British thermal unit (MMBTU). Questioning RIL gas pricing by ADAG is without substantiation - Aug 6, 2007 PR-GB.com (press release),...and the formula by RIL, which seeks to sell gas at up $to 4.58 per million British thermal unit at the land-fall point at Kakinada in Andhra Pradesh. Mittal bats for Mukesh Ambani on gas prices - Jul 25, 2007 Hindu,...were getting gas at no less than six dollars per million British thermal unit (mBtu), much lower than the 4.33 dollars per mBtu price proposed by RIL. RIL to set up 4000 Mw capacity for Rs 10000 cr - Jul 24, 2007 Business Standard,RIL has come under attack from both the fertiliser and power industry after it set a well-head price of $4.33 per million British thermal unit for its KG Ranbaxy: Chill pill - Jul 20, 2007 Business Standard,Its regassified quantity was 78.62 trillion btu (British thermal unit) in Q1 FY08 compared with 63.15 trillion btu a year earlier. Wellhead price revision negative for PPL - Aug 6, 2007 The News - International,Prices of Sui and Kandhkot, which contribute 47 per cent to total sales’ revenue of PPL, decreased to Rs93.91 per million British thermal unit (MMBTU) from Pranab panel to decide on gas price - Aug 6, 2007 Calcutta Telegraph,Reliance Industries, which has the contract rights for the KG-D6 block, proposed to price the gas between $4.33 per million British thermal unit (mmbtu) and EPA challenges SWEPCO modeling - Jul 27, 2007 Hope Star,...“This technology is proposed to achieve a 30 day average SO2 emission limit of 0.10 pound (lb)/Million British thermal unit (MMBtu),� he stated. Oil, Gas majors to sell fuel at their own determined prices - Aug 2, 2007 NewKerala.com,Mukesh Ambani-run RIL had earlier proposed to sell gas at a price ranging between 4.58 dollars per million British thermal unit (mBtu) and 4.33 dollars per Iran-Turkey deal foils US plots - Jul 31, 2007 PRESS TV,..."At present, every one million British thermal unit (BTU) of Iran's gas is sold to Turkey at $ 7, which is much higher than the proposed price to Pakistan. Fertiliser sector’s jitters over RIL gas price alert govt - Jul 28, 2007 Financial Express,The price of $4.33 per million British thermal unit proposed by RIL for the gas it plans to produce from KG-D6 from July 2008 had met stiff opposition from TXU Leveraged Buyout Another Test For Nervous Debt Markets - Jul 26, 2007 CattleNetwork.com,The company said in its annual report in March that each $1 per million British thermal unit drop in natural gas prices could lower its pre-tax earnings by Ambani brothers' gas pricing dispute may be over soon - Jul 24, 2007 India PRwire (Press Release),RIL has approached the government to approve its pricing mechanism to sell gas at $4.6 per mmbtu (million metric British thermal unit) - the price arrived Mukesh Ambani meets top govt officials on KG basin gas prices - Jul 24, 2007 Daily News & Analysis,...were tight-lipped about the visit, sources said Ambani gave rational for pricing gas from KG-D6 block at 4.33 dollars per million British thermal unit. Fitch Affirms Natural Gas Acquisition Corp. (Tennessee) 2006 Bonds ... - Jul 23, 2007 Business Wire (press release),The operating reserve is sufficient to handle a $5.90/million British thermal unit (MMBTU) overestimation during the largest amount of scheduled gas |
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