Liquefied petroleum gas (LPG) is kept liquid by confining it under a high pressure.
This contrasts with LNG which is liquid at atmospheric pressure but at a very low temperature. The storage of LPG under pressure, in contrast to the storage of LNG at a very low temperature, necessitates the use of entirely different materials (different material properties, thicknesses, insulating materials) and standards.
- As far as competitors in the LPG Handi-Size Segment I am not sure there are many real competitors in the traditional sense.
GASS likes to advertise they are #1 in their niche market of course that market is a very small segment of the entire LPG and LNG market.
I like to think of it this way. If you are flying across country or internationally you are likely to fly into a major hub like Dulles or O'Hare or JFK and you use a large plane since a lot of people are going that way but if your eventual destination is a small city you are going to hop on a smaller plane to reach your destination. GASS operates as that small plane shuttling gas from the hubs to their final destination.
Depending on the ports GASS is operating in or out of there could be a lot or a little competition from regional or national companies that are competing.
GMLP is a new ipo that was just spun off by GLNG. Check out the owners and backers on GMLP
GMLP is very, very, very, interesting. WHY? Because it has the ONLY NEW retrofitted gasification plant ships in the world.
Another words, gas vapor can be taken off ANY gas line, from any well head and frozen and stored on board the ship. This is going to be the wave of the future, which will eliminate land based LNG facalties, along with the protester that don't want them in their back yard. There is a market surplus of CHEAP nat/gas just from the drilling of oil. This is why gas driling and many gas wells have been shut down
This is something that Japan needs NOW, and so does the rest of the world.
Bobby, if they take it straight from the wellhead it still has to be processed i.e. stripped of more valuable propane, butane, gas oil, etc. I think the natural gas we consume for residential/industrial is almost pure methane. I do know I've owned this stock for years, did pay a good dividend and now it would be kind to say it sucks.