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Natural Gas Demand from US Trucks May Rise to 14 Bcfd by 2030
Sep. 04, 2012 04:46PM PST
Oil and Gas InvestingReuters reported that low prices and new infrastructure could mean that the use of natural gas by US trucks and fleet vehicles will reach 14 billion cubic feet per day by 2030, according to a new report by PIRA Energy Group.
Reuters reported that low prices and new infrastructure could mean that the use of natural gas by US trucks and fleet vehicles will reach 14 billion cubic feet per day by 2030, according to a new report by PIRA Energy Group.
As quoted in the market news:
“Future gas demand in natural gas vehicles has enormous upside potential, led by private sector initiatives, with or without federal government assistance,” PIRA, an energy consulting firm, said in a statement.
Gas demand in large trucks and fleet vehicles could reach 14 billion cubic feet per day (bcfd) by 2030 – about 20 percent of today’s daily gas production – a huge increase from the 90 million cubic feet per day consumed in 2011, according to the report’s high case scenario. In its lower scenario, total demand would hit 7 bcfd.