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lng-and-cng-changing-markets
lng-and-cng-changing-markets

LNG and CNG: Changing Markets

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The US Energy Information Administration (EIA) forecasts that worldwide demand for natural gas will increase by around 60 percent over the next 28 years. Experts are predicting that natural gas in its liquid form (LNG) will play a much greater role in overall gas supply and a natural gas focused global energy revolution is upon us.

Abundant, clean burning and significantly less costly than diesel fuel on an energy-equivalent basis, natural gas has become the global fuel of choice as a bridge to a non-carbon future that is still decades off. Not so long ago, LNG was primarily a means for transporting gas by ocean carrier to distant markets for power generation. However, today LNG plays a much greater role in overall gas supply, and small-scale LNG has revolutionized the production and distribution processes enabling wider access to it.

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