WHAT ARE THE PROSPECTS FOR LNG AS A FUEL?
Market Drivers / Perspectives / Existing and Planned Infrastructure
LNG as a potential transport fuel, especially in shipping and trucking, is attracting considerable interest. This is mainly a reflection of the price advantage of LNG over oil based fuels, especially in the US where the shale gas revolution has driven gas prices to record lows. In the marine sector, the reinforcement of emissions regulations will force ship-owners to move to less polluting fuels or technology and LNG has a number of advantages over other compliance solutions.