Definitions for "Liquefied Natural Gas"
Natural gas which has been made liquid by reducing its temperature to minus 258 degrees Fahrenheit at atmospheric pressure. Its volume is 1/600 of gas in vapor form.
Natural gas that has been cooled and compressed into a liquid state in order to more efficiently transport it from producing regions to market. Most LNG is produced in oil-rich, equatorial countries with little use for natural gas for space heating, such as Algeria, Trinidad and Qatar. It is then transported by ship to import facilities where it is stored and ultimately vaporized and delivered into the pipeline system. LNG is expensive to produce on a commodity basis but is valuable as a source of peaking gas since it can be delivered into constrained market areas without requiring large investments in pipeline capacity back to producing regions.
The light hydrocarbon portion of natural gas that is predominantly methane and which has been liquefied.