What is the future of LNG and what is its scope?

LNG is growing in popularity due to its various benefits and advantages. Globally, Natural Gas production is rising due to the advances in the drilling and discoveries happening in deep water and unexplored territories.

Due to increased natural gas production, countries rich with the natural gas production can import and export natural gas thus improving trade relations with countries and thus opening new markets. Further, every day improving technologies of liquefaction has also seen as a great contributing factor for increased availability of LNG in global trade markets.

LNG has the potential to become a popular fuel and has inherent characteristics to become fuel of future.

Share This: