EGL has been active in the Liquefied Natural Gas (LNG) market since September 2007. LNG is natural gas which is turned into liquid by cooling it to around –160°C. Its volume in this aggregated state is around 600 times lower than in the gaseous form. Large quantities of natural gas can be stored in this state and transported by ship.
EGL is taking advantage of these possibilities to make sourcing and selling of natural gas more flexible, thus opening up additional markets. The company is currently marketing LNG mostly in Spain, where it can provide wholesale customers such as power plant operators and industrial clients with products tailored to their exact needs.
Liquefied Natural Gas
LNG can be transported across very long distances due to larger tankers.
