An Overview of the LNG
by Christian Waldegrave
G
lobal demand for natural gas is rising. According to
the International Energy Agency, growth in demand
for natural gas is expected to outpace that of any
other fuel over the next 20 years.
The growing importance of natural gas is due to its
widespread availability, competitive supply costs, and
environmental advantages in comparison with other
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fossil fuels. As a result, natural gas is expected to gradually
displace coal as the primary fuel used for power generation
and in industry over the coming years.
Natural gas can be transported in two ways. First, it can
be moved in its gaseous state via pipeline. However, for
transport over longer distances, it is more cost effective
to liquefy the gas into liquefied natural gas (LNG) by