Liquefied natural gas or LNG is natural gas converted into a liquid by cooling it to 260 degrees Fahrenheit. This process reduces its volume by 600%. Visualize a beach ball condensed to a ping-pong ball. Natural gas can be transported as a liquid until it is warmed back to natural gas.
When LNG is returned to its gaseous state, it is used across the residential, commercial and industrial sectors for heating, cooking, generating electricity, manufacturing, and as a fuel for vehicles and heavy-duty industrial equipment.
Since LNG commands a higher price (3-6 times) than natural gas that comes directly from wells, it presents an extraordinary profit opportunity.
LNG is used in high horsepower equipment with significant fuel savings compared to diesel fuel and since it is transported by truck, LNG can supply natural gas to remote markets. The use of Modular conversion plants, introduced in 2014, can monetize flare gas, as well as monetize gas from stranded wells which are found in newly developed fields or at the edge of existing fields.
This system, which was introduced in 2014, converts natural gas to Liquefied Natural Gas (LNG) using a small portion of the gas to power the plant. The following is the configuration and the process.
Liquefied Natural Gas
Hedge Against Low Oil Prices
Modular LNG Conversion Units can be brought to remote areas
High Profit Margin
Monetize Flared Gas
Monetize Stranded Wells
Bring Natural Gas to remote areas