Liquified Natural Gas— Overview of Prospectives
Keywords:
Liquefied natural gas, terminals, liquefaction, re-gasification, stor- age, transportation, safety, environment, regulation, investing.Abstract
This article provides an overview of different prospectives regard-
ing manufacturing, handling, distribution, regulation, and investing in
the liquefied natural gas (LNG) industry. As sources of energy are in
increased demand, LNG becomes more and more important part of the
natural gas supply in the world. Its main advantage is its ability to be
converted into liquid form by cooling to -162ºC (-260ºF), thus occupying
only a small portion (approximately one six-hundredth) the volume of
its gaseous state, which makes it convenient for transportation to areas
remote from natural gas wells by specially designed vehicles. Upon ar-
rival at the final destination, LNG is re-gasifi ed to return to its gaseous
state and then delivered to the customers through local pipelines. As an
environmentally friendly gas, it lures billions of euros in investments
through cooperation between private enterprises on one side, and local
and federal government on the other side, thus creating a more balanced
energy future where competition is superior to monopoly.
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