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Gas Liquefaction is a process industry that involves the cooling of natural gas to a liquid state. This process is used to reduce the volume of the gas, making it easier to transport and store. The liquefied gas is then transported to its destination, where it is regasified and used for various purposes. The process of liquefaction is also used to produce liquefied petroleum gas (LPG) and liquefied natural gas (LNG).
The gas liquefaction market is driven by the increasing demand for natural gas and LPG, as well as the need for efficient transportation and storage of these gases. The market is also driven by the increasing demand for LNG as a fuel for ships and other vehicles. Additionally, the development of new technologies and the increasing use of renewable energy sources are expected to drive the growth of the gas liquefaction market.
Some of the major companies in the gas liquefaction market include Royal Dutch Shell, ExxonMobil, BP, Chevron, Total, and Gazprom. Show Less Read more
