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Our Gathering and Processing segment consists of gathering, compressing, dehydrating, treating, conditioning, processing, and marketing natural gas and gathering crude oil. The gathering of natural gas consists of aggregating natural gas produced from various wells through small diameter gathering lines to processing plants. Natural gas has a widely varying composition depending on the field, the formation and the reservoir from which it is produced.
DEFINITION of 'LNG'. LNG, or liquefied natural gas, consists mostly of methane and is cooled to approximately -256 degrees Farenheit so that it can be transported from countries that have more natural gas than they need to countries that use more natural gas than they produce.REAKING DOWN 'LNG'. Despite having one of the world's largest reserves of natural gas, the United States imports a small percentage of its natural gas as LNG from Trinidad and Tobago, Egypt, Norway, Qatar, and Nigeria. Other major exporters of LNG include Indonesia, Russia, Yemen, and Norway.