A vessel for transporting liquefied natural gas is provided. The vessel generally includes a gas transfer system for on-loading and off-loading natural gas to and from the vessel at essentially ambient temperature. The vessel further includes a gas processing facility for selectively providing liquefaction and regasification of the natural gas. The vessel also includes a containment structure for containing the liquefied natural gas during transport. The vessel may be a marine vessel or a barge vessel for transporting LNG over water, or a trailer vessel for transporting LNG overthe-road. A method for transporting LNG is also provided, that provides on-loading of natural gas onto a vessel, condensing the natural gas, storing the gas on the vessel in liquefied form, transporting the gas to an import terminal, vaporizing the gas, and off-loading the gas at the terminal.