A method and system for producing liquid air wherein liquid refrigerant is cycled between two core tanks maintained at a temperature sufficient to liquify compressed air passed through condensing tubing in the interior of the core tanks. Liquid refrigerant is cycled by alternating high pressure gas from a high pressure tank to one of the core tanks, which forces liquid refrigerant from this tank through an expansion device to expand a portion of the liquid refrigerant to absorb heat in the other core tank, the resulting refrigerant gas being driven into a low pressure tank. A compression device transfers the refrigerant gas from the low pressure tank to the high pressure tank and maintains the pressure in the high pressure tank. Connections between the low and high pressure tanks and the core tanks are reversed with each cycle.