how is natural gas measured and sold
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).
Quick Answer. Natural gas is measured in cubic feet, cubic meters, British thermal units or joules, while gasoline is measured in gallons, British thermal units, joules or metric tons. The unit used to measure gas is dependent upon the situation in which the gas is being used.