Kworld Trend / The effects of natural gas on the economy scala 4u
The effects of natural gas on the economy of countries | The effects of natural gas on the economy scala 4u
Natural gas is one of the types of fossil fuels that are formed in the depths of the earth’s surface as a result of the accumulation of the remains of living organisms such as: plants and animals, where the remains of these organisms are exposed to a high degree. Pressure and heat for a prolonged period of time at a depth sufficient for the organic matter to mature.
Natural gas consists of a variety of chemicals, the most important of which is methane and non-hydrocarbon gases, including carbon dioxide and water vapor. The impact of natural gas on the economy scala 4u
The most important effects of natural gas on the economy of countries:
improve the economy
The availability of natural gas in the country helps in the growth and improvement of the economy by allowing local industries to flourish and survive, which leads to the availability of more job opportunities for workers, support for obtaining new jobs, and improving the quality and utilization of infrastructure. of the workforce, thus reducing the cost of living and improving services.
Industries development
The effect of natural gas appears in improving the economy of countries through the manufacture of fertilizers, chemicals and pharmaceuticals, which leads to an increase in exports and the revitalization of trade movement inside and outside the country.
Lower costs
The availability of natural gas in the country contributes to addressing the problem of its low level. It is supply and demand in commercial markets. However, the facilities are disrupted due to the lack of available resources. However, a problem that needs to be solved, the presence of natural gas. They are essential in solving local industry problems because they lead to lower fuel costs. Thus reducing the cost of commodities, supporting low energy costs.
Improve the standard of living
One of the positive effects of natural gas in the long term on the economy of countries. And it is that it helps to raise the standard of living in the country, such as: raising the average salary. However, it in turn brings prosperity to the individual, and improves state and local tax revenues. For example, North Dakota now has the lowest unemployment rate in the country. Because fuel is used almost exclusively from oil and gas. The impact of natural gas on the economy scala 4u
reduce imports
The most important effect of the presence of natural gas in the country is to reduce its imports from other countries and its dependence on the materials contained in it, and therefore the presence of gas reduces the burden that could occur in the state budget due to the need to export gas from other countries.
Natural Gas Uses
- Industrial sector: as fuel for heating and for the production of chemicals, fertilizers, hydrogen, and textiles.
- Domestic sector: for building heating, cooking, water heating, stoves, ovens, lighting fixtures and other appliances.
- Business sector: to operate refrigeration, cooking and drying equipment, and to provide outdoor lighting.
- Transport sector: to operate compressors that transport natural gas through pipelines as well as vehicle fuels in the form of CNG and LNG.
- Electric power sector: to generate electricity and produce usable heat.
- Heat source for the manufacture of annealed glass, cement, bricks, ceramics, tiles, paper and many other commodities.
The impact of natural gas on the economy scala 4u
