The gas industry as whole, in many
aspects is now at a turning point in terms of trade, market, demand and
supply. The major trends that are spotted in this burgeoning industry
are as follows:
Changing Gas demand: the demand for the gas is changing with the
new demand wave being guided by gas to power.
Competition: Increasingly the gas sectors are being subjected to
more competition with new market design, and a heightened interlink
between the markets of gas and electricity.
Wider role for LNG: it is seen that there is a predominant shift
of global gas trade towards LNG, this allows flexibility along with the
opportunity of mobilizing more reserves. Dependence on import:
Increasingly countries are getting import dependent.
Economic growth: The demand for gas, and the obvious extension
LNG, is closely has a close connection with the economic growth. There
is a correlation between economic growth and direct gas consumption. An
upsurge in economic growth especially in the Asia-Pacific region will
have a considerable impact on the demand for gas.
Categories of Gases:
The industrial gases that are manufactured or sold can be divided into
the following three categories. They are the following:
- Extracted gases- Those that are separated from air, for example
oxygen, nitrogen, helium, etc.
- Synthesized gases- Those that are byproducts of the various
chemical operations. For example hydrogen, acetylene, carbon
dioxide, nitrous oxide etc.
- Medical gases- This essentially consists of the purified forms
of oxygen and nitrous oxide.
- Gaseous mixtures- Mixtures of gases that are needed for special
applications for smaller market (e.g. For welding etc.)
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