Current and Future Supply and Demand of Natural Gas
Featuring precious environmental assets compared to other fossil fuels and large reserves, natural gas has seen its share of global energy increasing steadily since the 70s. (Harry, pp88-96) In the recent past, the gas markets were fairly predictable; they are now undergoing profound and uncertain changes. Individually, each regional market had developed gradually deposits from the nearest pipeline networks and limiting exchanges between areas. The current trend is marked by greater competition between the available sources and greater flexibility in systems gas. (Tad, pp14-15)
LNG Liquefied Natural Gas Liquefied Natural Gas
Liquefied natural gas (LNG) is a clean-burning fuel that is obvious, colorless, fragrance-free, noncorrosive, and harmless. One cubic meter of LNG is equal to 600 cubic meters of natural gas at atmospheric pressure, thus providing for better storage ability and easier transporting. LNG is presently less costly than petroleum based-fuels and is expected to stay the lesser price fuel for the probable future. These innate properties create LNG an attractive alternative fuel for concentrated fuel consuming request such as hardwearing trucking, Oil and natural gas borer, browbeat, mining, aquatic, and other manufacturing consumer.