Development of Global LNG Gas Market
The global LNG (Liquefied Natural Gas) market is presently small but it's growing rapidly. LNG is developing & playing an ever-powerful role in the global gas sector. Like all other natural gas types, LNG is much cleaner than oil or coal, and it gives a chance of diversifying energy supplies.
For several years Liquefied NG has remained a specialized product pertinent only to just a few countries & companies. Prices have been lowered all down the LNG chain & now key gas reserves, too remote from marketplaces to be delivered by pipelines, & thus considered to be economically "stranded", are worked upon to be commercialized as liquefied NG. In fact this is the zeal for the prospects of LNG market that it is usual to interpret about the potential for a worldwide LNG market in similar terms as a worldwide oil market.
The grouping of elevated prices of natural gas, lower costs of LNG production, and increasing gas import requirements, particularly in Northern America, & the want of manufacturers of gas (LNG) to monetize their gas reserves is setting the stage for increased LNG trade in the years ahead.
Adding to the imports by present importers, 3 new countries - India, China, & UK - are on the brink of becoming LNG importing nations, since presently these nations are developing the latest technology regasification terminals.
The future of natural gas market is bright, particularly for the LNG sector. LNG product demand is rising very fast. This growth of the LNG market is related to the fact that the LNG industry, presently, is in its early stages of development, which- means that there will be new opportunities of business in future.
For further information about LNG Market & Its Global Development read the report "Future Outlook for Global LNG Market (2010)"published by RNCOS at http://www.rncos.com/Report/IM07593.htm
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