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liquefied natural gas lng carrier market

Liquefied Natural Gas (LNG) Carrier Market

ONE OF THE MOST COMMERCIALLY-VIABLE ENERGY SOLUTIONS ADOPTED BY DEVELOPING ECONOMIES

description
Description
  • Liquefied natural gas (LNG) is a natural gas that has been converted to liquid form for the ease and safety of non-pressurized storage or transport. It is odorless, colorless, non-toxic and non-corrosive in nature. The increase in population and improving standards of living is propagating the growth of this market. Also, the trading of natural gas along further expanded the expansion in transportation of LNG is also driving this market.
  • The cryogenic liquefactions of LNG reduces the volume of gas as compared to its original volume, making it easier for the transportation process in a specialized LNG carrier. The most appropriate way to transport natural gas is with the help of a pipeline that is subdivided into offshore and onshore pipelines. The onshore pipelines ensure the transportation of gas to a short distance, whereas the offshore pipelines are used for long distance. Other means of carrying LNG is through vessels. The oldest LNG carrying technology Moss-Rosenberg containment system (commonly known as Moss) is still in use for new vessel construction. The second type of large-scale LNG carrying technology is the membrane technology.
regions
regions
  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East & Africa (MEA)
  • Latin America
key players
KEY PLAYERS
  • STX Offshore & Shipbuilding Co., Ltd.
  • Samsung Heavy Industries.
  • Mitsui O.S.K. Lines, Ltd. (MOL).
  • Hyundai Heavy Industries Co.
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