Because a competitive firm's marginal revenue is equal to the market price, the competitive firm's demand curve, which is just a horizontal line at the market price, is also the firm's marginal revenue curve.ecause a competitive firm's marginal revenue is equal to the market price, the competitive firm's demand curve, which is just a horizontal line at the market price, is also the firm's marginal revenue curve.
MMBTU â One million British Thermal Units or BTUs. Natural gas is generally bought and sold in MMBTUs and future prices are generally quoted in this unit of measure. Therm â 1 Therm = 100,000 BTUs. SCF â Standard Cubic Foot is one cubic foot of gas at standard temperature and pressure (60 degrees F and sea level).
Average Liquid Natural Gas Price. Liquid Natural gas or LNG is a clear, colorless and odorless element. The natural gas is required to be cooled down to as much as -161 degrees Celsius before it can be transformed into its liquid form. The price of liquid natural gas can be affected by the oil price which fluctuates based on various factors. The price of LNG can range $5/GJ to $12 G/J. As far as the green-field LNG projects are concerned, the construction cost can be as much as $1000 for per ton of LNG. +. Purchasing Guide.