Abstract: A system and process for liquefying or storing gases at low temperatures using a cold recovery system. The system and process includes a cold recovery system having at least one cold recovery vessel configured to receive a gas stream and cool the gas stream by passing the gas stream through a cold recovery vessel. The cold recovery vessels includes a cold recovery material configured to cool the cooled gas stream, wherein the gas stream is fed through the cold recovery vessel through a pipe immersed in the cold recovery material to produce a liquefied or low temperature gas. The liquefied or low temperature gas is stored in a liquid or low temperature state in a storage tank. When the liquefied or low temperature gas is released from the storage tank, the gas vaporizes or expands through the pipe and cools the cold recovery material.