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,
Natural gas prices above shale deposits compared to the rest of the US, highlighting that natural gas markets have become less integrated due to pipeline capacity constraints. Prices of natural gas for end-consumers vary greatly throughout Europe. One of the main objectives of the projected single EU energy market is a common pricing structure for gas products. A recent study suggests that the expansion of shale gas production in the U.S. has caused prices to drop relative to other countries, especially Europe and Asia, leaving natural gas in the U.S. cheaper by a factor of three. It is expected that the TTIP trade