LNG (Liquefied Natural Gas)

The Liquefied Natural Gas (LNG) is the liquid state composed predominantly of methane and contains minor quantities of ethane, propane, nitrogen, or other components normally found in the natural gas. LNG is compressed at moderate pressure (maximum transport pressure is set at around 25 kPa (4 psi)), but cooled to a temperature, around the boiling point of methane (-162°C) to remain liquid, and the volume of natural gas as liquid is 1/600th of its volume as gas.

Reference Definition by Txlng.com: Liquefied Natural Gas (LNG) is natural gas, predominantly methane, that has been cooled sufficiently to condense into a liquid. At atmospheric pressure, this happens at a temperature of –260° F (–161.5°C) using a simple refrigeration process. LNG is chemically equivalent to the gas that we safely use to generate electricity, heat our homes and cook our food. When natural gas is cooled into liquid phase, its volume shrinks by 600 times thereby making it easier to store and transport in specially designed ships. Once these ships reach their destination, LNG is warmed back to its gaseous phase and piped into the local gas pipeline grid in the same manner as locally produced gas. In the past 50 years, the LNG trade has grown to include over 40 countries either exporting or importing LNG. Some countries, such as Japan and Korea, depend on LNG for over 95% of their natural gas requirements and have been importing LNG safely for almost 50 years.

Related Definitions in the Project: The Plant and Process Unit; Project

Example Article of the LNG:

Is LNG Actually The Future Of Energy?: bOil Price on 22 December 2019 - Drillers and investors who are getting pummeled in the threadbare LNG market might not be sold anymore on the idea that natural gas is the fuel of the future, but it’s not only the future: It’s the key to every major global energy strategy in the world right now. It’s the key to dominion, and there’s every reason to be patient. Patience is hard when gas prices have tumbled to multi-year lows. Gas futures NGc1 prices have dropped to $2.29 per million British thermal units (mmBtu) at the time of this writing, down more than 40% over the past 12 months and the lowest level since May 2016. A big part of the blame can be pinned on a supply glut coupled with not nearly enough pipeline capacity to transport the commodity. ...

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