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  • Local Gas methane emissions per thousand cubic-meter natural gas: (Be*0.2 + Ne*0.2 + Pe*0.6) * 0.86 toe/kcm   = 136158.19 kgCO36kgCO2e/kcmtoe.

More interestingly, the Local Gas Utility can acquire the following natural gas fuel tokens from each C-NFT, 0.2 bcm form Bg and Ng , and 0.6 bcm of Pg. These can be re-sold to consumers at a premium on the emission factor anchor. Clearly, Niabrara could seek a significant premium compared to the average emission factor of the Local Gas Utility: 4452.89 2 vs. 136158.19 36 kgCO2e/kcmtoe. Assuming consumers are exposed to a carbon price of 100 USD/tonCO2e, the fuel production linked to the Niabrara contract could seek a premium of up to 9.1 USD/kcm or 0.25 USD/mmtbu, roughly 10% of the Henry Hub Natural gas prices in 2020 (~2.5 USD/mmbtu).

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