Liquefied natural gas (LNG) Natural gas was considered to be economically unimportant wherever gas-producing oil or gas fields were distant from gas pipelines or located in offshore locations where pipelines were not viable. In the past this usually meant that natural gas produced was typically flared, especially since unlike oil no viable method for natural gas storage or transport existed other than pipelines which required the immediate use by end users of the same gas. This meant that natural gas markets were historically entirely local and any production had to be consumed within the local network.
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