China: Increasing Demand for LNG Trucks and Ships

Prices for liquefied natural gas (LNG) in China are falling

Prices for liquefied natural gas (LNG) in China are falling, stimulating sales of trucks and ships operating on this fuel, and speeding up the transition from oil as the main source of energy in the country. Every third new truck sold in China runs on LNG, and sales in April increased tenfold compared to last year.

Transition to LNG and Electric Vehicles

Electric vehicles and LNG trucks could replace up to 12% of diesel fuel and gasoline consumption by the end of the year. This shift towards cleaner energy sources is helping reduce emissions and improve air quality in China.

Environmental Benefits

There is also an increase in LNG sales in the shipbuilding industry, which represents a more environmentally friendly alternative to fuel oil for ships. This move towards cleaner energy options is a positive step towards a greener and more sustainable future.