LNG, also known as liquefied natural gas, is a clean energy source used for both residential and industrial purposes.
The global demand for LNG is expected to increase by more than 50% by 2040 due to the shift from coal to gas for energy consumption.
The United States and Canada possess abundant natural gas deposits, and with advanced technology, it can be extracted from rock formations and liquefied.
In its liquefied state, natural gas occupies only 1/600th of the volume compared to its gaseous form, making it feasible for transportation via LNG carriers worldwide.