Transport's energy of the future
Cheap oil is stalling LNG’s growth in transport. But the opportunity remains great
THE GROWING glut of liquefied natural gas supply should be good news for consumers, and help expand the fuel’s use in both road and marine transport. Ever-tougher emissions regulations around the world is another spur that will help jostle it into mainstream markets. The problem, for now, is that cheap crude – itself a reason for cheap Brent-indexed LNG – is making the short-term case for switching away from gasoline, diesel and other oil products less of an option for now. In road transport, the main impetus for truck-fleet owners has been the differential between the cost of diesel and the cost of LNG, while in the marine sector it is environmental legislation that has been the driving for
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