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(HomeGarden247.com, January 10, 2018 ) Natural gas plays a vigorous role in energy supply and in achieving nationís economic & environmental goals. Increasing import of liquefied natural gas (LNG) have ensure adequate supplies of natural gas. Developing countries with natural gas resources are interested in monetizing natural gas by transferring it as Liquefied natural gas (LNG). LNG is a non-toxic liquid, colourless and clear liquid which is formed when natural gas is cooled to 162ļC. This process shrinks the volume of the gas which makes it easier and safer to ship and store. Earlier, natural gas was sold locally or by gas pipeline but due to liquefaction of natural gas into LNG, it allows the gas to transport from region to distant countries. Natural gas and LNG include some of the benefits such as it is used extensively for power generation, abundant supply, burns quite efficiently, can be used as an automotive fuel burns clear than gasoline or diesel and can be used to make plastic, chemical, fertilizer and hydrogen.
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One of the major factor driving the market for natural and LNG is increasing demand among domestic industrial users. Demand for natural gas is driven by some of the industries such as petrochemical, refining, special chemical and fertilizers industries. Growing adoption of environmentally cleaner fuels to prioritize in order to minimize the impact of increasing oil-based energy cost and to meet economic growth is one of the driver fueling the growth of the market. In addition to this there are several other factors driving the market for natural and LNG market such as increasing export of natural gas & liquefied gas, continuous shift from coal to natural gas to generate electricity, reliable, it is less costly as compared to other fossil fuel energy source and minimize dependency on foreign oil. However, the factors hindering the growth of natural of natural gas and LNG is that it is highly combustible, non-renewable energy sources and natural gas emits some quantities of greenhouse gas.
Natural Gas and LNG Market Players:
Petronet LNG Limited
Royal Dutch Shell PLC
Hindustan Petroleum Corporation Ltd.
Mahanagar Gas private Ltd.
Oil and Natural Gas Corporation Ltd.
Gujarat Gas Ltd.
Indraprastha Gas Limited
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Key Insight of Natural Gas and LNG Market
- Historical and Future Market
- Supply and Demand
- Price and Cost
- Drivers and Challenges
- Key Vendors
- Market Strategies
- Industry Value Chain
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