The Liquefied Natural Gas (LNG) market is a global industry that involves the production, storage, and transportation of natural gas in its liquid form. LNG is produced by cooling natural gas to -162°C, which reduces its volume by a factor of 600, making it easier to store and transport. The LNG market is driven by the increasing demand for natural gas, as well as the need for cleaner energy sources.
LNG is used in a variety of applications, including power generation, industrial processes, and transportation. It is also used as a fuel for ships, trucks, and other vehicles. In addition, LNG is used to produce fertilizers, petrochemicals, and other products.
The LNG market is highly competitive, with many companies involved in the production, storage, and transportation of LNG. Some of the major players in the market include Royal Dutch Shell, ExxonMobil, BP, Total, Chevron, and Eni. Show Less Read more