1、DEVELOPING THE 1stFLNG FACILITY IN NIGERIAMaking Liquefied Natural Gas(LNG)a more attractive and cost-effective option:Improvement in Liquefaction Processes and Floating Liquefied Natural Gas(FLNG)development 14tHJune 2024According to the United States energy information Administration,in 2020,there
2、 was an estimated 7.3 trillion cubic feet(Tcf)of total world reserves of natural gas.This large reserve is a potential source for cleaner-burning energy known as Liquefied Natural Gas(LNG)which has major advantages over fossil fuels,such as coal,oil.IntroductionReduced Greenhouse Gas Emissions:LNG c
3、ombustion emits lower levels of greenhouse gases compared to coal and oil.Improved Air Quality:LNG combustion produces fewer air pollutants such as sulfur dioxide,nitrogen oxides,and particulate matter,leading to cleaner air and better public health outcomes.Support for Sustainable Development:LNGs
4、lower emissions profile aligns with global sustainability goals,supporting efforts to transition to renewable energy sources.Versatile Applications:LNG can be used across various sectors including power generation,heating,transportation,and industrial processes.Alignment with Climate Targets:The use
5、 of LNG can help countries meet their emissions reduction targets set forth in international agreements.Environmental Benefits of LNGDiversification of Energy Sources:By including LNG to the energy mix,countries have diverse sources of energy and do not have to rely on coal and oil.Reduction in Reli
6、ance on Single Suppliers or Transportation Routes:LNG provides countries with the flexibility to source natural gas from multiple suppliers and transport it through various routes.Unlike pipelines,which are fixed and may be vulnerable to geopolitical conflicts or disruptions.Energy SecurityEase of T