What is Liquefied Natural Gas and what are Its environmental benefits. Know about the concept, where it is used, and more,

Liquefied Natural Gas

  • Liquefied Natural Gas (LNG) is natural gas cooled to a liquid state at around -162°C for easy storage and transportation. This process reduces its volume by approximately 600 times, making it efficient to transport over long distances. LNG is a cleaner energy source compared to traditional fossil fuels, emitting significantly lower levels of greenhouse gases.

    What is Liquefied Natural Gas

    LNG is primarily composed of methane, along with small quantities of ethane, propane, and other hydrocarbons. It is non-toxic, odourless, and colourless, making it a viable alternative to conventional fuels. LNG’s versatility allows it to be used in power generation, heating, and as fuel for vehicles and ships. Its compact nature enables it to be transported globally, reaching areas that lack pipeline infrastructure.

    Feature and benefits of Liquefied Natural Gas

    The global transition to cleaner energy sources has positioned LNG as a critical player in the energy landscape. Its ability to complement renewable energy sources, such as solar and wind, makes it a strategic choice for sustainable development. LNG offers numerous benefits, including improved air quality, reduced carbon footprint, and energy security.

    In addition, advancements in LNG technologies, such as floating storage and regasification units (FSRUs), are enhancing its accessibility. The growing adoption of LNG in industrial and transportation sectors highlights its potential to revolutionise energy consumption patterns.

    LNG suppliers and pricing

    Leading global LNG suppliers include Qatar, Australia, and the United States. Pricing for LNG is influenced by factors such as production costs, transportation expenses, and market demand. The availability of online platforms has simplified the process of gas booking.

    Step to book LPG on Bajaj Finserv website

    If you do not have a n LNG but own a LPG cylinder, here are easy steps for gas booking online on Bajaj Finserv website:

    1. Visit the Bajaj Finserv website.

    2. Navigate to the ‘GAS BOOKING’ section under 'PAYMENTS'.

    3. Click on the 'PAY NOW’ button.

    4. Select your service provider.

    5. Enter your CONSUMER ID, CONSUMER NUMBER, or PHONE NUMBER and click ‘PROCEED’.

    5. Sign in by entering your mobile number and clicking on ‘GET OTP’.

    6. Verify your billing details and click on ‘PROCEED TO PAY’.

    7. Choose a payment method: credit/debit card, net banking, UPI, or Bajaj Pay Wallet.

    This process ensures a quick and secure booking experience for HP Gas. You should consider switching to LNG as it is a cleaner source of cooking gas.

    Fees and charges

    A convenience fee of up to 2% will be charged depending on the transaction amount and payment mode (inclusive of applicable taxes). For more information on fees and charges, click here.

    Note: For failed transactions, the total amount including charges except taxes are reversed.


Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.

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Frequently asked questions

What is LNG used for?
LNG is used in power generation, heating, and as fuel for transportation, including ships and vehicles.

How is LNG different from CNG?
LNG is liquefied natural gas, cooled to -162°C, while CNG is compressed natural gas stored at high pressure.

Is LNG safe for storage?
Yes, LNG is non-toxic, odourless, and stored in specialised cryogenic tanks to ensure safety.

What is the environmental impact of LNG?
LNG emits lower greenhouse gases and particulate matter compared to other fossil fuels, improving air quality.

How is LNG transported?
LNG is transported in specialised cryogenic ships and tanks designed to maintain its low temperature.

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