Accent is on determination of appropriate friction factor of the pipes and on selection of the representative equation for water or natural gas flow which is valuable for existing conditions in the looped network of pipelines. Note that in a municipal gas pipeline, natural gas can be treated as incompressible fluid (liquid) i.e. as water or oil. Even under this circumstance, calculation of water pipelines cannot be literary copied and applied for calculation of gas pipelines. Inappropriate friction factor, equally as e.g. inappropriate usage of water flow equations for calculation of gas networks can lead to inaccurate final results. Few iterative methods for determining the optimal hydraulic solution of water- and gas- looped pipeline networks, such as, Hardy Cross, modified Hardy Cross, node-loop method, node and M.M. Andrijashev method, will be shown. Speed of convergence will be compared and discussed using a simple network with three loops.