Growing energy demands across the nation has elevated the importance of Natural Gas owing to the advantages associated with it. Primary advantages offered by natural gas are the ease of production, greater availability and lower cost along with lower emissions of hazardous gases. For long distance transportation, it needs to be converted into LNG (liquefied natural gas) for ease of transportation and reducing the total cost.LNG (liquefied natural gas) is also known as green fuel due to its higher purity, higher energy density and environmental friendly advantages and thus, due to this reason the trade of LNG is becoming a new hot spot for global energy markets.Production of LNG consumes lots of energy (around 850kWh/ton) which is stored in the form of ‘Cold Energy’. During the Regasification process (for the purpose of consumption) it is generally being dumped in sea water which not only wastes the energy that can be utilized but also affects the sea creatures.India annually imports around 23 MMTPA of LNG, and this is expected to rise in the coming years. This much high amount of cold energy associated with LNG, if extracted, can impact the power demand of this power hungry country.Out of 12 major importing countries (viz. Japan, Thailand, Singapore, Taiwan, China, India, Korea, UK, Spain, Italy, Belgium, France) only Japan (60%) and china (10%) are the only countries which are utilizing this cold energy.India having mammoth energy needs, if develops the infrastructure required for the utilization of cold energy then it will surely decrease the dependency over coal and other fossil fuels.This paper demonstrates how utilization of the cold energy using various methods becomes an important measure to energy saving and environmental benefits and provides feasible business opportunity.