LNG
- ECONOMY
News:
Petronet LNG to supply
gas to Sri Lanka
What's
in the news?
●
Petronet will supply liquefied natural gas
(LNG), to Sri Lanka, beginning 2025, which will be utilised to run power plans
with 300MW capacity.
Key
takeaways:
●
Initially, the LNG will be supplied
through containers, and later the state run company will establish a Floating Storage
Re-gasification Unit (FSRU), in the island nation.
Liquefied
Natural Gas (LNG):
●
It is a natural gas composed of mainly methane (CH4), with some mixture of ethane,
(C2H6) which has been cooled down to liquid form for ease and safety of
non-pressurized storage or transport.
Process:
●
The natural gas is condensed into a liquid
form at close to atmospheric pressure by cooling it to approximately
Nature:
●
It is odourless,
colourless, non-toxic and non-corrosive.
●
The volume of natural gas in its liquid
state is about 600 times smaller than its volume in its gaseous state.
Applications:
●
Power generation, Energy Storage,
Transportation, Industrial usage, etc.
Significance
of LNG:
1.
Reduce Oil Import Bill:
●
A switch to Liquefied Natural Gas from
diesel (10 percent of new diesel vehicles switched to LNG by 2032) could result
in the reduction in oil import bill by $1.5 billion by the year 2032
2.
Reduce Tank-to-wheel Emissions:
●
The HDV sector alone contributes up to 66
percent of the particulate matter from the road transport sector, therefore
switching to Liquefied Natural Gas will improve air pollution in cities.