Natural gas cooking, and electricity generation. It is also used as a fuel for vehicles and as a chemical feedstock in the manufacture of plastics and other commercially important organic chemicals. Fossil fuel based natural gas is a non-renewable resource. Natural gas is found in deep underground rock formations or associated with other hydrocarbon reservoirs in coal beds and as methane clathrates. Petroleum is another resource and fossil fuel found in close proximity to and with natural gas. Most natural gas were created over time by two mechanisms: biogenic and thermogenic. Biogenic gas is created by methanogenic organisms in marshes, bogs, landfills,
Phoenix Natural Gas announced the first stage of the privatisation of Northern Ireland Electricity, the province's monopolistic utility company; A major part of this was the sale of Ballylumford power station in Northern Ireland to British Gas for £132 million. This oil-fired power plant provided more than half of the power needs of the 600,000 customers in Northern Ireland. British Gas simultaneously announced its plans to set up Premier Transco to build and operate the Scotland-Northern Ireland pipeline (SNIP), a natural gas pipeline, to convert Ballylumford to natural gas, and to set up a commercial supply company for natural gas (what would become