NGV investment set to soar
With almost 3000 natural gas vehicle (NGV) filling stations across the EU as of March 2014, and even more planned as part of the EU Commission TEN-T Network, investment in NGVs is set to soar from 2015 onwards along with the roll-out of Euro6 gas vehicles.
A new report highlights the key statistics and forecasts regarding infrastructure, vehicle investment and market size for European NGVs.
In January 2014, The European Union introduced a new transport infrastructure policy to connect Europe’s alternative fuel filling network by 2020. This new initiative – the TEN-T project – is driven by two factors: the aim to reduce Europe’s dependence on foreign oil used in transport and the aim to reduce vehicle emissions, which currently total 20% of Europe’s carbon dioxide emissions.
Further development of infrastructure cannot come quickly enough for European fleets looking for alternative fuel options to cut costs and reduce their emissions in line with sustainability targets. Within the EU, there are currently just fewer than 3000 CNG refuelling stations (2500 public and 500 private) as well as approximately 220 planned stations.
However, many commercial fleets rely on LNG to fuel their heavy-duty vehicles (HDVs). LNG infrastructure development is far behind that of CNG, with only 40 LNG stations currently operational.
The latest EU policy is tackling this issue head on. The policy aims to install LNG refuelling stations for trucks every 400 km along the roads of the Trans-European Core Network by 2020. Additionally, the EU Commission LNG Blue Corridors project has opened three filling stations in 2014 already and has 11 more planned. This innovative consortium of NGV industry leaders will provide €14.3 million in developing LNG infrastructure, a new generation of Euro VI dual-fuelled and dedicated LNG vehicles and standardisation for LNG fuel tanks and other equipment.
The full NGV report can be accessed here.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/small-scale-lng/30072014/investment-in-natural-gas-vehicles-expected-to-soar-1102/
You might also like
MidOcean Energy completes acquisition of 20% in Peru LNG
MidOcean Energy has announced the completion of its previously announced agreement to acquire SK earthon’s 20% interest in Peru LNG, owner and operator of the first LNG export facility in South America.
