Liquified Natural Gas (LNG)
Liquified Natural Gas (LNG) is natural gas that has been cooled to –260° F (–162° C), changing it from a gas into a liquid that is 1/600th of its original volume. This dramatic reduction of its volume allows it to be shipped safely and efficiently aboard specially designed LNG vessels. After arriving at its destination, the LNG is now warmed to return to its gaseous state and delivered to natural gas customers through local pipelines. This process is known as Regasification
This LNG is then returned to a gaseous state at LNG import and regasification (unloading) terminals around the world. Once it has been warmed to become natural gas, it is dispersed through pipelines for use by homes and businesses. It can be used in a variety of ways: Residential uses for natural gas include cooking, heating homes and generating electricity, while commercial uses for natural gas include heating, generating electricity, manufacturing products like fertilizers, paints and medicines, and occasionally fueling commercial vehicles.
STANDARD BANKING/OPERATIONAL PROCEDURE (FOB)