What Is LNG?
LNG In LATAM
LATAM has experienced a significant growth in energy demand and currently heavily relies on imported fossil fuels. Intermittent hydroelectric power and policy disincentives for fossil fuel investments create a need for a cleaner and affordable solution.
Looking to find a cleaner, sustainable alternative energy option, diversify its energy mix and reduce fossil fuel dependence, LATAM can leverage its unique isthmus location, making it highly advantageous for LNG transportation and distribution to neighboring countries.
Liquefied natural gas (LNG) presents as a suitable alternative to supplement renewable energy and meet peak power demands, offering a cleaner option among fossil fuels.
Liquefied natural gas (LNG) is the transportable storage form of natural gas (methane) that has been chilled to -161ºC so that it becomes a liquid, taking up much less space. After supercooling, the liquefied natural gas is 1/600th the volume of natural gas, making it easy to transport. It is odorless, non-toxic, non-corrosive and less dense than water.
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Stages of LNG production
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Purification & Dehydration
Gas extracted from the ground contains impurities, such as water, mercury and CO2. Before the gas is liquefied, these molecules are removed and the gas is dehydrated.
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Refrigeration & Liquefaction
Then, the gas is transferred to heat exchangers, which cools the gas to -161ºC, shrinking its volume by 600 times, allowing for more efficient transport. This process also liquefies the gas into a clear, colorless, and non-toxic liquid.
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Storage, Transportation & Marketing
When the liquified natural gas (LNG) reaches its destination, it is regasified, and ready to provide energy to industry, institutions, power grids, even homes.
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