Natural Gas & LNG Storage Market: Analyzed and 2017 Forecasts in New Research Report at RnRMarketResearch.com
Dallas, Texas (PRWEB) July 30, 2013 -- The objective of this study is to examine the natural gas market in which storage of gas is a key consideration. It is challenging to examine only the storage component of the market, as storage is basically a component of the entire supply chain of the gas market. There are also two types of storage, conventional storage of gas in a gaseous form, and storage of natural gas after it has been reduced to a liquid through the application of compression and cryogenic technology. It is this latter type of technology that is relatively new to the industry that has revolutionized the entire structure of the industry and permitted the economic shipment of gas from its often-remote points of production to markets where it can be used in a vast variety of ways.
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Reasons for Doing This Study
The reason for doing such a study is the underlying investment opportunities that are inherent in the development of the natural gas industry. What is clear is that in the twenty first century, there will be a revolution in the use of energy in transportation, industry and daily life comparable to the change that took place in the 20th century. The auto, the electric light, the airplane and a host of other products were developed that changed life in the modern world. It seems that the pattern will be repeated in the twenty first century as the Internet revolutionizes communication just as the telephone, invented toward the end of the nineteenth century revolutionized communications in the twentieth. Much the same thing will occur within the energy field as it morphs into new forms as it did when electric motors and gasoline engines replaced the nineteenth century steam engine and animal power in the twentieth. Natural gas, solar power, wind power, tidal energy and a host of as yet undreamed of non-polluting energy sources will replace the coal, oil, and perhaps even natural gas in the twenty first century as the destruction created by environmental pollution is recognized as unacceptable. Natural gas is a step toward reducing levels of pollution while providing relatively low cost energy to a wide variety of users. It must be understood that while natural gas reduces carbon dioxide emissions by 45% compared to coal and 30% compared to oil it is not the ultimate answer to pollution control.
The advantages of natural gas are that it is easily transported by pipeline and fairly easily using tankers both at sea and over the road. It can be piped into homes to provide heating, cooking, air conditioning, and to power a variety of other appliances. In situations where a user is not on a pipeline a small tank that can be recharged provides the same capabilities. It can also be used in vehicles including aircraft where it is cleaner than gasoline, diesel or most aircraft fuels. It is also a raw material for ammonia for fertilizers, and hydrogen, as well as in the production of some plastics and paints. It is relatively abundant, clean burning and easy to distribute. Natural gas is also safer than propane in that it is lighter than air and if there is a leak it tends to dissipate. Propane is heavier than air and tends to pool into explosive pockets in the event of a leak.
Natural gas can power any number of household appliances and it is less expensive than electricity that is the alternative, but is nonpolluting except in some cases at points of generation.
It is important to understand that natural gas is not a perfect solution to the problems of pollution. While it is cleaner than coal or oil it still contributes substantial volumes of carbon dioxide to environmental greenhouse gases. By itself, natural gas is primarily methane, which is some 21 times as dangerous for greenhouse warming than carbon dioxide. This implies than any leakage of natural gas including those from animals, landfills, melting tundra, etc. contribute substantially to greenhouse emissions. It also carries a variety of risks. It has advantages, but is far from a panacea for energy problems and environmental control.
Scope of Report
The focus of this report is presumably the storage of natural gas, and this theme will be returned to repeatedly in the course of this project. It is virtually impossible to adhere solely to the original title concerning gas storage.
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Priyank Tiwari, RnRMarketResearch.com, http://www.rnrmarketresearch.com/, +1-888-391-5441, [email protected]
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