About HS Code 271111
This HS code specifically covers Liquefied Natural Gas (LNG), a critical global energy commodity. LNG is natural gas cooled to a liquid state for easier storage and transport, enabling its shipment across oceans in specialized cryogenic tankers. Major exporters are countries with abundant natural gas reserves and extensive liquefaction facilities, while importers are energy-hungry nations seeking cleaner fuel sources for power generation, industrial use, and residential heating. The trade is characterized by long-term supply contracts, massive infrastructure investments (liquefaction plants, regasification terminals, and LNG carriers), and significant geopolitical influences. It plays a pivotal role in diversifying energy supplies and reducing reliance on pipeline gas.
Products Under This Code
Liquefied natural gas (LNG), regasified natural gas, compressed natural gas (CNG) for transport (though primarily LNG for this code), pipeline natural gas (after regasification), LNG for bunkering.
Real World Examples
QatarEnergy (Qatargas), Cheniere Energy (USA), Shell (Prelude FLNG), ExxonMobil (PNG LNG), TotalEnergies, Petronas.
Common Misclassification
This code is distinct from 271121 (natural gas in gaseous state) as it specifically refers to the liquefied form, which requires different handling and transport. It might also be confused with other liquefied petroleum gases (LPG) like propane (271112) or butane (271113), but LNG is predominantly methane.
Products Classified Under 2711.11
Industry
This code belongs to the Minerals & Fuels industry.
Trade Overview
Top exporters include Qatar, Australia, and the USA, while major importers are Japan, China, and South Korea, driven by energy demand.
Frequently Asked Questions
What is HS code 271111?
HS code 271111 covers: Petroleum gases and other gaseous hydrocarbons; liquefied, natural gas. This HS code specifically covers Liquefied Natural Gas (LNG), a critical global energy commodity. LNG is natural gas cooled to a liquid state for easier storage and transport, enabling its shipment across oceans in specialized cryogenic tankers. Major exporters are countries with abundant natural gas reserves and extensive liquefaction facilities, while importers are energy-hungry nations seeking cleaner fuel sources for power generation, industrial use, and residential heating. The trade is characterized by long-term supply contracts, massive infrastructure investments (liquefaction plants, regasification terminals, and LNG carriers), and significant geopolitical influences. It plays a pivotal role in diversifying energy supplies and reducing reliance on pipeline gas.
What products fall under HS code 271111?
Liquefied natural gas (LNG), regasified natural gas, compressed natural gas (CNG) for transport (though primarily LNG for this code), pipeline natural gas (after regasification), LNG for bunkering.
What are common misclassifications for HS code 271111?
This code is distinct from 271121 (natural gas in gaseous state) as it specifically refers to the liquefied form, which requires different handling and transport. It might also be confused with other liquefied petroleum gases (LPG) like propane (271112) or butane (271113), but LNG is predominantly methane.
How is HS code 271111 structured?
HS code 271111 is a 6-digit subheading under the Harmonized System. The first 2 digits (27) identify the chapter, digits 3-4 (11) identify the heading, and digits 5-6 (11) specify the subheading. This code is standardized globally by the World Customs Organization.