What does NGS mean in BUSINESS

Natural gas is an energy source formed through fossil fuel decomposition that consists primarily of methane and other hydrocarbons such as propane, butane, ethane, pentanes and hexanes. These hydrocarbons are useful for industrial, commercial and residential uses.

Natural gas is a clean burning fuel source. This means that it does not produce nearly as much pollution as heavy petroleum products or coal when burned to generate energy. Additionally, natural gas can be more cost-effective than other forms of energy such as oil or electricity due to its abundance in many areas.

Natural gas is most commonly extracted through a process called fracking. Fracking involves pumping large volumes of water combined with chemicals down deep into the earth in order to create fractures in the underground rock structure which allows trapped natural gas to escape up through the wellbore and be collected at the surface.

Once extracted from the ground, natural gas must then be transported to locations where it can be used as an energy source. The most common method for transporting natural gas is through pipelines which transport the product directly to customers or to storage facilities located along the pipeline network for later use or distribution elsewhere.

Storing natural gas can be done in two ways - either underground or above ground in a tank storage facility. Underground storage facilities involve injecting compressed air into reserved wells located below ground level so that space can be created for storing the liquid form of naturalgas. Aboveground tank storage facilities involve storing liquid form ofnaturalgasin aboveground tanks which are usually constructed from steel or high-density polyethylene plastic material..