July 2015, Vol. 242, No. 7

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Natural Gas To Challenge Oils Monopoly as Transportation Fuel, IHS Study Says

A new study by business information provider IHS forecasts significant growth and value in the market for natural gas and LNG as a transportation fuel. The study, LNG in Transportation: Challenging Oil’s Grip showed that use of natural gas as a transportation fuel could displace more than 1.5 MMbpd of oil demand by 2030. A combination of drivers — environmental, technological and commercial — will lead to greater adoption of natural gas in transport, the study said. The highest level of adoption will be in high-fuel-consuming applications such as trucks and ships. “The fall of oil prices has diminished much of the glow from what was an overly optimistic market oppor

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