Capterra Glossary
Liquefied Natural Gas (LNG)
Liquefied natural gas (LNG) is a naturally occurring mixture of hydrocarbons that forms a liquid when chilled to a temperature of -260° F (–162° C), making it easier to transport under low pressure. During the liquefaction process, gases, water and other contaminants are removed that would freeze during treatment. The resulting LNG is odorless, colorless, non-toxic and non-corrosive, but it’s flammable in its gaseous state. LNG technologies involve operational processes related to shipping, logistics and contract/trading with a focus on supply chain management and transit risk management.
What Small and Midsize Businesses Need to Know About Liquefied Natural Gas (LNG)
When cooled and liquified, LNG shrinks to 0.17 percent of its original volume to be economically stored in specialized ocean tankers and transported in large amounts over long periods. When ready to be delivered to markets, the LNG goes through a regasification process where it’s vaporized back into a gas and placed into pipelines. LNG is used by power plants or distributed by suppliers to generate electricity; heat homes; cook; produce fertilizers, paint and medicines; and in some commercial vehicles.