Gas for Transport

Higher LNG prices to slow China’s LNG truck output

Higher prices for LNG in China this year have trimmed the fuel’s discount to diesel, which could slow production of large LNG trucks Higher prices for LNG in China this year have trimmed the fuel’s discount to diesel, which could slow production of large LNG trucks.
By Tang Tian 3 April 2018 0 30238
An LNG refuelling station in China. An LNG filling station in Jiangsu. (Interfax)

Rising LNG prices could put the brakes on China’s output of large LNG trucks after a year of record growth in 2017, even as Beijing pushes policies for less-polluting transport.

China manufactured a record 95,892 heavy-duty LNG trucks last year, up from fewer than 20,000 in 2016, according to industry data provider CVWorld. The near-fourfold jump was partly down to inexpensive LNG, which was 40% cheaper than diesel on average in the first nine months of 2017, said Li Yongchang, deputy secretary general...