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Bloomberg: LNG Trucks to Gain Significant Market Share in Transport Sector

September 29, 2014, 06:00 AM
Filed Under: Transportation

Bloomberg reported that liquefied natural gas will gain a “significant” market share in the transport sector by 2035, according to the International Center for Natural Gas Information.

According to the Bloomberg report, demand from road transport, such as trucks, will lead the expansion, followed by the use of LNG in ships and trains.The price gap between diesel and LNG will drive the use of the super-chilled fuel in trucks, while environmental legislation may help make LNG more attractive for the marine sector.

China, which already has infrastructure in place, will represent almost half of the market for the use of LNG in trucks, according to the report.

To read the full Bloomberg exclusive report, click here.

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