Our scholarships are an easy way to get financial support for school. The government has shown a determination to modernise power generation, and provide a reliable supply for all, most recently through policies like Saubhagya. Follow us for news and story ideas. We are a leader in developing and operating energy infrastructure. Invested in Sustainability This makes natural gas a great partner with renewables because a reliable power grid (thanks to natural gas) strengthens the viability of intermittent renewables like wind and solar. We will balance discipline and creativity as we embrace the vast opportunity set before us. "I think a lot of economies around the world (are) really looking at EVs (electric vehicles) as the way forward for transport, but more importantly I think natural gas can really work to support these EVs," Zhi Xin said. It means homes, businesses, cities, manufacturers and others rely on natural gas every single day. Everyday we use hundreds of things that are made from oil or gas. Fortunately, the natural gas industry has begun the process of decarbonizing the molecule-based share of energy production and consumption in order to achieve climate change targets. The U.S. Energy Information Administration says that, in its liquid state, the volume of natural gas is "about 600 times smaller than its volume in its gaseous state. Compared to other fossil fuels available on the market today like coal and oil, its fairly cheap. It's plain to see: natural gas generates energyand can power generations. Our power assets are located in Canada and more than 75 per cent of the power we provide is generated from emission-less sources. For its part, the U.S. Department of Energy has described natural gas as playing a "vital role" in the U.S. energy supply. Of course this country needs economic relief, so job stimulation and more energy sources sound great, I hope things only get better as time goes on, ed the U.S. job industry, but it has also served to significantly enhance the national security positioning of the United States. twitter November 9, 2020 Natural gas could be the single most important energy source of the next decade. What is natural gas and why is it important? With the demand for natural energy increasing, natural gas businesses are becoming more and more popular. 2022 CNBC LLC. 1.4 million is a big number and this amount of jobs could provide significant gains. This technique is cheaper, poses no threat to the local drinking water supply and is also more efficient than traditional fracking. Natural gas is clean, affordable, abundant and domestic. The main advantages of natural gas include high efficiency, easy access, and flexibility. Transmission pipelines often cross through multiple states, moving the natural gas long distances to get it closer to the end users. Together, these reports provide a comprehensive overview of the Companys environmental, social and governance (ESG) targets and performance metrics. He added in statements during signing a contract of supplying natural gas to the industrial area in Eastern Port Said between the General Authority for the Suez Canal Economic Zone and Sinai Company for Gas that his ministry is working to benefit from natural gas for achieving social and economic development. The preservation of natural resources is important to keep the economy growing. Here are the top five benefits of natural gas extraction: 1. Although it is obvious that the effects of fracking are not good for our environment, new methods for the extraction and production of natural gas are constantly being proposed that assure a reduction in the generation of greenhouse gases and other toxins. Plus, each of these broader operations actually entails many functions. instagram, 2021 TransCanada PipeLines Limited, an affiliate of TC Energy Corporation, Environment: Production Version: 5.1.0.2584-beta. Producing more American energy will create new jobs, reduce our dependence on foreign oil, strengthen our national security and raise revenue to help tackle the $16 trillion national debt. Natural gas is a clean-burning source of energy that is used for heating, cooling, electricity generation, creating indispensable materials (such as steel and concrete) and more. Natural gas is a clean burning fuel, which provides a variety of benefits to the economy and average people. But if there is only a finite amount, then I think we should focus more on developing other types of energy. The final stage is distribution, in which a local natural gas company typically delivers the gas in a network of smaller pipelines to businesses and neighborhoods. This is very important because it leads to lower gasoline and energy costs for the average American. In fact, gas power will almost entirely replace power once supplied by nuclear or coal plants. Natural gas has a high potential to play a big role in the expansion of renewable energy source uses. Economic Impact. When natural gas is burning, it releases minimum harmful compounds. Natural resources are materials from the earth that people use to meet their needs. Share. Through Empower, our workforce giving program, we support and encourage our workforce to give back to their communities in ways that resonate with them personally, through fundraising, donating, volunteering, or even simple acts of kindness that help make the world a better place. The environmental friendliness of this gas helped it become a prevailing choice for electricity generation in the USA. When burning coal and petroleum products, they emit higher levels if air pollution and carbon dioxide while producing the same amount of energy as natural gas. The International Energy Agency (IEA) says that natural gas is viewed "as a good source of electricity supply" for a range of reasons. Midstream 101 is an educational look at Williams operations. Also contributing to high prices are geopolitics, as well as the energy . Oil and natural gas are integral parts of our economy and, through revenues and royalties, contributes more than any other industry to fund New Mexico's schools, public safety, and health care. Besides being beneficial for everyday life, natural gas contributes to employment opportunities. Data is a real-time snapshot *Data is delayed at least 15 minutes. Natural resources are a renewable source of income and wealth that's essential for sustainable development. Why natural gas is so important. There is going to be a point in the future when well be running out of fossil fuels very quickly and then well have to depend on alternative energy. The United States is producing and consuming natural gas at record levels, bringing with it an array of economic and strategic advantages in improving U.S. trade and industrial competitiveness, while altering the electric power mix and thus providing for environmental benefits. Natural gas is colorless and odorless, making it difficult to detect without proper equipment. First, natural gas is gathered from production areas using what are known as gathering pipelines. Because natural gas is the cleanest burning fossil fuel, it is playing an increasing role in helping to attain national goals of a cleaner environment, energy security and a more . Unfortunately, numerous environmentalists are constantly criticizing and arguing against the use of fossil fuels such as oil and natural gas. When gas prices rise, it can be a drag on the economyimpacting everything from consumer spending to the price of airline tickets to hiring practices. Our nation is still recovering from the Great Recession, and the creation of many new jobs will benefit our economy greatly. Interesting hearing about the other side everyone is always critiquing this industry, so this is definitely a fresh new take at things that I have not seen more recently. Natural gas extraction is vital to our economy and way of life. strength at home. Benefits of Natural Gas Natural Gas Improves the Economy Greater natural gas production, transportation, and consumption will help to lead the country's economic recovery because it will help to keep manufacturing domestic which, in turn, will create more jobs, reduce fuel costs which and then reduce cost of goods. To watch part two of this . From innovative technology to community initiatives, there's always something new and newsworthy at TC Energy. This week, I chose to discuss the other side of the debate on oil and natural gas, how it benefits us and our country. Electricity generated from natural gas, for example, not only powers small devices we use every day like smart phones, but also the networks of computers that keep our society running. But, as long as the government continues making decisions based on economic factors, we can expect to see considerable improvements in our economy throughout the next few decades. The major question for the government, though, is which side of the issue is more important to support? Producing more American energy will create new jobs, reduce our dependence on foreign oil, strengthen our national security and raise revenue to help tackle the $16 trillion national debt. Why natural gas is so important, part one. The method of refreshing natural gas in a liquid state decreases volumearound 600 times compared to its gaseous state. We cool natural gas to liquid for easy shipping to energy-hungry places, and we convert it to make lower-emission fuels and other products. TC Energy employees are essential to building and maintaining the vast delivery network of natural gas that helps meet these substantial needs. The industry is making steady progress in carbon capture, utilization and storage (CCUS) technologies, as well as renewable natural gas (RNG), responsibly sourced . It also reduces transportation energy costs for numerous organizations. However, this will only be maintained if our government continues to take advantage of new opportunities to protect U.S. interests abroad and to protect sources of. The main issue with the majority of environmentally-friendly solutions like wind and solar energy is poor reliability. By being environmentally friendly, flexible, and efficient, natural gas can save countries millions of dollars while improving their economy. We understand that our business activities have the potential to affect these groups in tangible ways. Students being the future of the country should always take care of natural resources and the environment. Clearly, this is bound to create countless jobs in an array of different industries. It means homes, businesses, cities, manufacturers and others rely on natural gas every single day. Besides reliability, the gass availability is also widening. And if the US continues to rise internationally as a provider of energy and jobs, the natural gas industry will play a huge role in that. We recognize Indigenous groups as rights holders who have a distinct relationship to the land. No matter which side the issue is viewed from, there are both benefits and disadvantages. On the environmental front, it is easy to see the harmful effects of fracking and burning fossil fuels for energy. As the world looks to diversify its energy mix one source, natural gas, is becoming increasingly important. For example, 117 pounds of CO2 are produced per 1,000 Btu of natural gas compared to 200 pounds of coal and 160 pounds of fuel oil. The odorant is called mercaptan, which is a harmless chemical that gives the natural gas a distinct and unpleasant odor that smells like rotten eggs. The change is not an overnight one and the effects will be gradual which provides much room for improvement throughout the years. In my previous blog post, I criticized the Unites States dependence on oil and natural gas due to the harmful environmental factors of such energy sources. What Are The Economic Benefits of LNG Some economic benefits of production and consumption of LNG are, enhancement of economic growth, tax revenue growth, even distribution of natural gas, safe and cheap transportation, easy conversion and regasification, and a greener environment. In order to do this, policymakers must fight to maintain certain policiesthat support the continued use of natural gas throughout the United States. There are always two sides to every issue, and I am glad that you explored both sides of the use of oil and natural gas as an energy source within our nation. The math is simple: Big banks are fleeing oil. Whether we are providing grants to organizations, awarding scholarships to students or sponsoring a local event that brings community members together, our goal is to help build strong, vibrant communities through mutually beneficial relationships. As the world looks to diversify its energy mix one source, natural gas, is becoming increasingly important. Natural gas is a clean-burning source of energy that is used for heating, cooling, electricity generation, creating indispensable materials (such as steel and concrete) and more. The majority of U.S. gas used today is for heating and generating electricity. Downsizing, One way to transport natural gas is by cooling it and turning it into liquefied natural gas, or LNG. Natural gas companies produce natural gas to be used for different needs, from home heating to fueling vehicles. Two categories, plants and animals, are considered renewable even though we may be entering the sixth mass extinction. Today natural gas is one of the most prominent energy sources used to generate electricity, warm homes and cook meals. With the omnipresent criticism of natural gas, this take on natural gas is almost original. This includes our network of oil & liquids pipelines, which supplies and delivers North American crude oil to help meet growing energy needs in Canada and the U.S. TC Energys owns or has interests in seven power generation facilities with a combined generating capacity of approximately 4,200 megawatts (MW) enough to power more than 4 million homes. The global economic recovery in 2021 following the Covid-19 pandemic has led to higher consumption and thus higher prices. By taking advantage of natural gas instead of the rest of fossil fuels, the economy can enjoy tremendous benefits. Published Thu, Apr 27 20174:28 AM EDT Updated Thu, Apr 27 20174:28 AM EDT. "Natural gas can be used in the power sector, it can also be used in industries for heat generation, it can be used in the fertilizer sector to create ammonia, and lastly it can also be used in the transport sector, as CNG (compressed natural gas), or in LNG for long haul trucks.". Trellis Energy, oil and gas software provider, 117 pounds of CO2 are produced per 1,000 Btu of natural gas. Natural gas is moved from production areas to consumers through a highly integrated network of pipelines and storage facilities. CEO Franois Poirier shares his views on the outlook for our business in a lower-carbon energy future. The industry creates a variety of jobs for people who find, produce, and deliver it. If such safety concerns can be addressed, then natural gas could possibly become the United States largest source of electricity by as soon as 2030. Of course, there are many legitimate concerns regarding the use of natural gas, which should not be disregarded lightly. For example, the oil industry has created jobs for many people and generates profits that enable governments to provide services such as education and health care to their citizens. In spite of all this, I still dont support fracking and other fossil fuels because they are not a reasonable long term solution. However, this will only be maintained if our government continues to take advantage of new opportunities to protect U.S. interests abroad and to protect sources ofnew foundstrength at home. 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