Compressed natural gas set to rise in emerging economies
CNG is still making inroads in developing markets
Compressed natural gas can already be classified as a mature fuel in many countries, especially in the developing world, where it is a low-cost alternative to diesel and gasoline, particularly for long-haul heavy-duty vehicles and fleet vehicles that do large amounts of mileage, such as buses and taxis. In China, a mixture of increasingly abundant feedstock via LNG and pipeline imports, together with central government policy to promote gas use to cut urban pollution, mean there are around 4m CNG-powered vehicles on the road. Similarly, India is incentivising CNG and its gas-driven fleet is expanding fast and has now moved beyond 1.8m. In the case of Iran-which has led the world in CNG uptak
Also in this section
18 December 2024
The energy transition will not succeed without a reliable baseload, but the world risks a shortfall unless more money goes into gas
18 December 2024
The December/January issue of Petroleum Economist is out now!
17 December 2024
Structurally lower GDP growth and the need for a different economic model will contribute to a significant slowdown
17 December 2024
Policymakers and stakeholders must work together to develop a stable and predictable fiscal regime that prioritises the country’s energy security and economy