• 3 minutes 2nd Annual Great Oil Price Prediction Challenge of 2019
  • 6 minutes "Leaked" request by some Democrats that they were asking Nancy to coordinate censure instead of impeachment.
  • 11 minutes Trump's China Strategy: Death By a Thousand Paper Cuts
  • 14 minutes Democrats through impeachment process helped Trump go out of China deal conundrum. Now Trump can safely postpone deal till after November 2020 elections
  • 1 hour Shale Oil Fiasco
  • 1 hour Everything you think you know about economics is WRONG!
  • 1 hour Wallstreet's "acid test" for Democrat Presidential candidate to receive their financial support . . . Support "Carried Interest"
  • 7 hours USA v China. Which is 'best'?
  • 7 hours Global Debt Worries. How Will This End?
  • 1 day My interview on PDVSA Petrocaribe and corruption
  • 6 hours Judiciary impeachment: Congressman says Sean Misko, Abigail Grace and unnamed 3rd (Ciaramella) need to testify.
  • 2 days Wonders of US Shale: US Shale Benefits: The U.S. leads global petroleum and natural gas production with record growth in 2018
  • 15 hours Quotes from the Widowmaker
  • 1 day Petroleum Industry Domain Names
  • 14 hours Tesla Launches Faster Third Generation Supercharger
  • 7 hours Joe Biden, his son Hunter Biden, Ukraine Oil & Gas exploration company Burisma, and 2020 U.S. election shenanigans
  • 7 hours Winter Storms Hitting Continental US
James Stafford

James Stafford

James Stafford is the Editor of Oilprice.com

More Info

LNG Technology: The Holy Grail of Gas Investments

Liquefied natural gas (LNG) technology—from LNG seaborne tankers and LNG trains to floating LNG facilities have quickly gone from concept to commercialization, opening up new possibilities in new frontiers and rendering the remote—well, much less remote.

Analysts say FLNG terminals will become a major growth market within the next couple of years, as they offer more flexibility than stationary terminals.
 
Liquefaction of natural gas is the process of super-cooling natural gas to minus 260 degrees Fahrenheit (minus 162 degrees Celsius) at which point it becomes much safer and easier to transport. After its been shipped to its destination, regasification plants at importing or receiving terminals return the fuel to a gaseous state.

A lot of money is being dumped into LNG technology right now. It’s a major bet on the LNG market, but here’s why it’s solid:

•    LNG demand is set to double over the next decade to 408 million tons a year
•    Major markets for LNG are opening up and some of them can’t be reached by overland pipelines
•    The Asian market is particularly hot for LNG and they are paying top dollar
•    Prices and rising global demand make it worth shipping LNG by seaborne tankers
•    The US may become a major LNG exporter, and customers are already lining up
•   …




Oilprice - The No. 1 Source for Oil & Energy News