A novel energy and cost effective transport chain for stranded natural gas utilized for power production with CO2 capture and storage is developed. It includes an offshore section, a combined gas carrier and an integrated receiving terminal. In the offshore section, natural gas (NG) is liquefied to LNG by liquid carbon dioxide (LCO2) and liquid inert nitrogen (LIN), which are used as cold carriers. In the onshore process, the cryogenic exergy in the LNG is utilized to cool and liquefy the cold carriers, LCO2 and LIN. The transport pressures for LNG, LIN and LCO2 will influence the thermodynamic efficiency as well as the ship utilization; hence sensitivity analyses are performed, showing that the ship utilization for the payload will vary between 58% and 80%, and the transport chain exergy efficiency between 48% and 52%. A thermodynamically optimized process requires 319kWh/tonne LNG. The NG lost due to power generation needed to operate the LEC processes is roughly one third of the requirement in a conventional transport chain for stranded NG gas with CO2 capture and sequestration (CCS).