LNG Supply System Industry 2015 : Market Trends, Growth And Forecast Report By Radiant Insights,Inc
Liquefied natural gas has a higher volume reduction in comparison to CNG (Compressed Natural Gas) hence the density is 2.4 times higher than compressed natural gas and 60% of diesel fuel.
San Francisco, United States – March 29, 2016 /MarketersMedia/ —
Liquefied natural gas is a natural gas with maximum methane (CH4) in it. The physical state of the gas is changed into liquid form for easy transportation and storage. In the state of gas, it takes approximately 1/600th volume. It is non-toxic, colour less, non-corrosive, and odourless gas. When vaporized into gaseous form, freezing form and asphyxia it is hazardous.
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In the process of liquefaction some components which might create problems down the line, are removed like dust particles, helium, acid gases, heavy hydrocarbons, and water. This natural gas is compressed into liquid form at almost atmospheric pressure with the process of reducing the temperature almost up to -162°C. The transport pressure is set maximum at about 25 k Pa.
Liquefied natural gas has a higher volume reduction in comparison to CNG (Compressed Natural Gas) hence the density is 2.4 times higher than compressed natural gas and 60% of diesel fuel. Due to this it is easy to transport liquefied natural gas far destinations at low cost especially where pipeline is not present. The transport is done with the help of special designed LNG carriers or through road tankers which are cryogenic.
Liquefied natural gas is chiefly utilized to transport the natural gas to the market. Then it is distributed by re-gasifying as natural gas through pipeline. Natural gas automobiles can make use of this, even-though vehicles are commonly designed for the use of compressed natural gas.
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Liquefied gas defeats quite a few political and geographical issues faced by pipelines of long-distance and it is more and more competitive for shorter distances due to its lower transportation costs. There are four major stages of LNG value chain. These are field development, liquefaction, transportation, and regasification for the countries who are importing LNG. Liquefaction & transportation prices are the biggest cost mechanism.
The major hindrance for the extensive commercial usage of liquefied natural gas is the comparatively elevated price of manufacture and the necessity of high valued cryogenic tanks for the storage. In-spite of all the disadvantages, it is estimated that it will hit the crude production market on the LPG production energy basis globally by 2020.
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