Liquefied Natural Gas Market Global Analysis 2017 2017 Liquefied Natural Gas Industry Global Market | Page 2

Liquefied Natural Gas Industry: 2017 Global Market Trend, Share, Profit,
Growth and Key Manufacturers Analysis Report
Global LNG trade volume has increased over the years and projections are made that the market would rise
in the next five years i.e. 2017 to 2021 at a rapid pace. Major factors contributing in the increasing trade
volume of LNG are startup of several new projects in Australia and Indonesia, rapid economic growth
especially of emerging economies, and rising demand for environmentally cleaner fuels etc.
Company Coverage: ExxonMobil Corporation, Royal Dutch Shell, BP Global, Chevron Corporation.
Natural gas is one of the safest, cleanest and most used form of energy which gives both heat and light.
Natural gas is hydrocarbon which means it is made up of compounds of hydrogen and carbon, containing
seventy to ninety percent methane in most cases. It can be used as fuel in many sectors as; transportation,
industrial, agricultural, and a raw material for petrochemical industry. There are three forms of natural gas:
pipe natural gas, natural gas for vehicle (NGV) and liquefied natural gas.
LNG is a clear liquid which forms when natural gas is cooled to -162ºC (-260ºF). The cooling process shrinks
the volume of the gas 600 times, making it easier and safer to store and ship LNG is produced at the so-
called liquefaction facilities (plants), following which it can be transported in special cryogenic tanks: sea
tank ships or tank cars. It enables rapid delivery of gas to the areas located far from the gas trunk lines.
Complete report available at http://www.marketreportsonline.com/584671.html