Liquefied natural gas is an odorless, colorless, non-toxic,
non-corrosive and non-flammable form of methane. As fuels go, it's
pretty cool.
Actually, LNG is colder than Antarctica on winter solstice. Methane is chilled to about minus 260 degrees — a temperature that transforms it from a vapor to a liquid, compressing its volume 600 times to make it more economical to store for later use or to ship long distances from countries endowed with natural gas to those starved for the fuel.
That's the broad story of LNG — a case of Adam Smith capitalism at work.
But in the details, the LNG story is a tale of brilliant physicists, savvy government engineers and entrepreneurial risk takers. LNG's back story includes a Nobel Prize, anxiety about U.S. air defense and a disaster that destroyed part of Cleveland.
LNG touches only a small portion of the world's gas supply, but it's the fastest-growing portion. Since 2000, global demand for LNG has grown 140 percent and now accounts for roughly 10 percent of the methane consumed worldwide. The rest moves to market by pipeline.
Read more: http://oilprice.com/Energy/Natural-Gas/All-You-Need-to-Know-About-LNG.html
Actually, LNG is colder than Antarctica on winter solstice. Methane is chilled to about minus 260 degrees — a temperature that transforms it from a vapor to a liquid, compressing its volume 600 times to make it more economical to store for later use or to ship long distances from countries endowed with natural gas to those starved for the fuel.
That's the broad story of LNG — a case of Adam Smith capitalism at work.
But in the details, the LNG story is a tale of brilliant physicists, savvy government engineers and entrepreneurial risk takers. LNG's back story includes a Nobel Prize, anxiety about U.S. air defense and a disaster that destroyed part of Cleveland.
LNG touches only a small portion of the world's gas supply, but it's the fastest-growing portion. Since 2000, global demand for LNG has grown 140 percent and now accounts for roughly 10 percent of the methane consumed worldwide. The rest moves to market by pipeline.
Read more: http://oilprice.com/Energy/Natural-Gas/All-You-Need-to-Know-About-LNG.html
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