Worldwide sales of natural gas vehicles (NGV) will increase to more than 3.2 million units annually by 2016, a 68% increase compared with 1.9 million units last year, with commercial sales in North America and Western Europe leading the surge, according to a report released by Pike Research. The increased sales will lead to growth in the use of natural gas as a transportation fuel, with 19 billion cubic meters of gas expected to be sold globally by 2016, the researchers said.
Reasons
Articles from Reasons
Report: Benefits, Obstacles in Natural Gas for Trucks, Buses
A new report on natural gas as a fuel for Canada’s transportation sector outlines compelling reasons for embracing a diversified transportation fuel strategy that includes natural gas. However, significant challenges to deployment of natural gas vehicles (NGV) in Canada must be overcome, according to the report, which was released by a roundtable of the Canadian Natural Gas Vehicle Alliance (CNGVA).
January 10, 2011
Newfield Waits for Better Economics to Increase Woodford Activity
Newfield Exploration Co. has slowed the drilling pace in some of its Midcontinent operations for “economic reasons” — low natural gas prices and a continuing decline in service costs — the company’s president said Thursday.
April 27, 2009
Newfield Waits for Better Economics to Increase Woodford Activity
Newfield Exploration Co. has slowed the drilling pace in some of its Midcontinent operations for “economic reasons” — low natural gas prices and a continuing decline in service costs — the company’s president said Thursday.
April 24, 2009
West Coast Officials Urge No New Offshore Drilling
As expected, West Coast officials reiterated strong opposition to any new offshore oil and gas drilling Thursday, citing economic, environmental and “spiritual” reasons for continuing a ban on drilling in the Outer Continental Shelf (OCS) during a fourth and final regional hearing held by Interior Secretary Ken Salazar in San Francisco. Voices shouting “no” included U.S. Sen. Barbara Boxer (D-CA), Oregon Gov. Ted Kulongoski, and California Lt. Gov. John Garamendi.
April 17, 2009
Pennsylvania PUC Considering Columbia Gas Rate Request
The Pennsylvania Public Utility Commission (PUC) Thursday voted 4-0 to consider a rate increase request by Columbia Gas of Pennsylvania Inc.
March 28, 2008
NGI The Weekly Gas Market Report
Futures Strip Driving Buy-and-Hedge M&A Boom, Says S&P
Calling the recent pace of oil and gas producer merger activity “breathtaking,” Standard & Poor’s Ratings Services (S&P) weighed in with the reasons for the robust deal activity.
July 10, 2006
Futures Prices Driving Buy and Hedge M&A Boom, Says S&P
Calling the recent pace of oil and gas producer merger activity “breathtaking,” Standard & Poor’s Ratings Services (S&P) weighed in with the reasons for the robust deal activity.
July 6, 2006
NGI The Weekly Gas Market Report
Energy Bet Is Long-Term, Lenders Say
Despite the current softening of natural gas prices, gas is still priced higher than it would be were it not for $70-plus oil. There are a lot of fundamental reasons why oil is as high as it is, but Warburg Pincus Managing Director Peter Kagan wonders if something else is afoot.
May 29, 2006
MARAD Says Blanco’s Objections to LNG Project May Violate Federal Law
The Maritime Administration informed Louisiana Gov. Kathleen Babineau Blanco last week that her reasons for vetoing McMoRan Exploration’s Main Pass Energy Hub liquefied natural gas (LNG) import terminal offshore Louisiana earlier this month may violate federal law.
May 23, 2006
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