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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