Natural gas is becoming an important environmental-friendly source of energy which is also capable of fueling economic growth of a country. It is the cleanest-burning hydrocarbon however; many energy-hungry places are located far from gas fields, making pipelines too expensive and almost impossible to build.

Cooling natural gas to make it liquid and shrink its volume by 1/600 will transform it to Liquefied Natural Gas (LNG) which is clear, odorless, colorless, non-toxic and non-corrosive. It will not ignite in liquid form thus, making it logistically flexible, easier and safer for storage and transportation. Further, the price of LNG is low compared to other types of energy source.

Based on the latest statistics from U.S. Energy Information Administration, Japan, South Korea and China are the three largest importers of LNG in the world which comprises more than half of the global LNG imports in 2015. Recent trend shows an increase in the players and emerging markets from Asia.

Total consumption of LNG in U.S. for June 2016 is 2,025,607 (in million cubic feet). More than 90 percent of which was delivered to consumers (residential, commercial, industrial, vehicle fuel and electric power) and the rest was used for Lease & Plant Fuel and Pipeline & Distribution Use.

With the advantages in handling, transporting and features of LNG, there has been a continuous increase in demand for it. The world’s natural gas demands are expected to increase more than 40 percent by 2030.

To learn more on the Value Chain, Commercial Arrangements and Supply / Demand of LNG, please visit us at http://www.ctssingapore.com/lng-fuel-for-the-future and register to “LNG: Fuel for the Future” to benefit more.

References: U.S. Energy Information Administration, ExxonMobil, Shell