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Benefits of LNG

  1. What is LNG?
    • Liquefied Natural Gas (LNG) is simply natural gas cooled down to liquid form for ease of transport
    • Natural gas is condensed into liquid by cooling it to -260 degrees Fahrenheit
    • LNG occupies 1/600 of volume of natural gas in its natural ‘gaseous’ form
  1. Cheaper
  1. Abundant
    • The U.S. is awash with natural gas with ~90 years of proven reserves
    • Increased growth in shale gas production has significantly reduced the price of natural gas
    • Daily Shale Gas Production vs. Gas Price
  1. Environmentally Friendly
    • Natural Gas is significantly cleaner-burning than any oil based fuel
    • ~ 80% less NOx than diesel
    • ~ 30% less CO2 than diesel
  1. Flexible Generation
    • The transition to LNG creates an opportunity to optimize the use of renewables while simultaneously reducing emissions from base load generation

Oil vs. Gas (in $/Barrel Oil Equivalent)

New Fortress Energy

Daily Shale Gas Production vs. Gas Price

New Fortress Energy