Sunday, August 26, 2012

LNG - the fuel of future.


Liquefied Natural Gas (LNG) is the fuel of the future. Natural gas is a fossil fuel, like petroleum and coal, the  major sources of energy of the world today. Coal, petroleum and gas contribute almost equally to more than 90% energy needs of the world. Coal being a big pollutant of environment, has always been a less preferred choice of energy. Petroleum reserves of the world are expected to last for  about next 40-45 years. On the other hand, natural gas is a cleaner and cheaper fuel, having much more proven reserves than petroleum, and is known to  last much longer.

With the extraction of shale gas getting more economical with the advent of new technology, the future of this fuel is very rosy. The present reserves of natural gas are of more than 100 years and are expected to further increase with new finds. Thus, world-wide efforts are on to substitute petroleum and other fuels with gas based applications and in the time to come the major consumption of diesel/petrol of today will get substituted by gas. 

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