Liquefied Natural Gas: The Driving Force behind Global Energy Trade
Received Date: Nov 01, 2024 / Published Date: Nov 30, 2024
Abstract
Liquefied Natural Gas (LNG) has emerged as a transformative force in global energy markets, reshaping the dynamics of international trade and energy security. As a versatile, cleaner alternative to coal and oil, LNG facilitates energy access for countries with limited domestic energy resources, while simultaneously promoting a shift toward lower-carbon energy systems. This paper explores the rapid growth of LNG in the context of global energy trade, examining the key drivers behind its expansion, including technological advancements in liquefaction and regasification, the increasing demand for cleaner energy sources, and the geopolitical shifts influencing global supply and demand. It also assesses the challenges associated with LNG, such as infrastructure limitations, price volatility, and environmental considerations. Ultimately, LNG’s role as a bridge fuel in the transition to sustainable energy systems highlights its importance in the evolving energy landscape.
Citation: Katrina K (2024) Liquefied Natural Gas: The Driving Force behind Global Energy Trade. Oil Gas Res 10: 382 Doi: 10.4172/2472-0518.1000382
Copyright: © 2024 Katrina K. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited
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