Liquefied natural gas is natural gas that has been cooled to a liquid form for easy and safe storage or transportation without pressure. It takes up about 1/600 of the volume of natural gas in a gaseous state. It is odorless, colorless, non-toxic and non-corrosive.
The Liquefied Natural Gas (LNG) market is growing along with the Energy and Power industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.
The gas stream is typically separated into liquefied petroleum feedstock fractions (butane and propane), which can be stored in liquid form at relatively low pressure, and lighter ethane and methane fractions. These lighter methane and ethane fractions are then liquefied to form the bulk of the LNG supplied.
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Liquefied Natural Gas mainly contains methane, which is condensed to liquid state by cooling at 256 degree Fahrenheit. The higher reduction of volume when compared to CNG is an advantage to transfer LNG from one country to another as per the requirement. Increasing consumption of energy will accelerate the usage of LNG further. It is estimated that more than 250 years of renewable natural gas is available as per the current consumption level, new pipelines, inter connections and LNG infrastructures are being built to exploit this unconventional resource.
These factors are expected to offer broad growth opportunities in the Energy and Power industry and this is expected to cause the demand for Liquefied Natural Gas (LNG)assays in the market.
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EUROPE IMMUNOHISTOCHEMISTRY – MARKET SEGMENTATION
· Liquefaction Terminal
· Regasification Terminal
By Application Heavy-Duty Vehicles
· Electric Power Generation
· Marine Transport
· North America
· Asia Pacific
· Latin America
· Middle East
Shell, Chevron, Atlantic, Total, Bechtel Corporation, BG Group, GAIL, and Petronet LNG Limited.
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