By Javier E David Despite the slow rate of adoption of natural gas to fuel motor vehicles, a confluence of trends in favor of natgas is shaping up to loosen the stranglehold petroleum has on the transportation fuel market, according to Citigroup. In a lengthy research report this week, the bank cited rising global natgas… Keep reading →
Small-scale, domestically produced LNG has the opportunity to capture at least a share of an 8 trillion cubic foot a year market, but risks to adoption could hamper investment by both potential suppliers and end-users. Much of the discussion about liquefaction of domestically produced US gas has revolved around the potential for large-scale projects for… Keep reading →
Natural gas vehicles will need “strong regulatory support” to provide a meaningful boost to US gas demand in this decade, owing in part to a dearth of refueling infrastructure, says Barclays analyst Shiyang Wang. Natural gas is far cheaper on an energy-equivalent basis than diesel, offering an obvious incentive to make the switch from a… Keep reading →
American car companies are moving ahead with a plan to produce natural gas powered cars and trucks for public fleets in state-sponsored efforts to create a wider public market for the vehicles.
Representatives of the Big Three carmakers, and Honda, as well as auto dealers and companies that convert conventional engines to run on compressed natural gas, met with leaders of a consortium of states in Oklahoma City this month to discuss a request for proposal that has been issued by the states to the car makers. Keep reading →
Westport Innovations said Tuesday it reached an agreement with Caterpillar to use natural gas technology for mining trucks and locomotives. Terms of the deal were not disclosed. The Vancouver-based company makes direct injection, natural gas technology for heavy-duty vehicles. “The substantial price difference between natural gas and diesel fuel is resulting in a strong financial incentive to enable off-road applications to take advantage of low natural gas energy costs without sacrificing operational performance,” said David Demers, chief executive officer of Westport Innovations. Read more: http://www.foxbusiness.com/markets/2012/06/05/caterpillar-westport-team-up-on-natgas-vehicles/#ixzz1wvszEJsH
A picture of the GE natural gas fueling station.
Efforts to find a use for America’s glut of shale gas got a boost on Wednesday when Chesapeake Energy announced an agreement with GE to increase the availability of compressed and liquid natural gas as a transportation fuel. Keep reading →
