NEW STUDY: NATURAL GAS USE BY U.S. TRUCKS TO SKYROCKET

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According to a new research study released Tuesday by PIRA Energy Group (an energy consulting firm), the use of natural gas in U.S. trucks and fleet vehicles could skyrocket over the next two decades as low prices and new infrastructure provide incentivess to switch to the fuel. “Future gas demand in natural gas vehicles has enormous upside potential, led by private sector initiatives, with or without federal government assistance,” PIRA said. According to the study, 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 total daily gas production, according to the report’s high case scenario. 14 bcfd equal 5.1 Tcf or almost 41 billion GGEs per year. In its low case scenario, total demand would be half that amount, about 7 bcfd. The high case scenario could reduce diesel demand by 2.4 million barrels per day, about two thirds of today’s heavy trucking market. Trucks running on LNG would make up 70 percent of the 14 bcfd. “The past year has witnessed a striking advance of private initiatives across the stakeholder spectrum—from major vehicle producers, to fueling infrastructure firms, to fleet operators,” PIRA said. “A high degree of natural gas vehicle visibility and share of new orders in the public transit and refuse market are standout examples of compressed natural gas vehicle growth taking root.”

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