SOURCE: Zeus Development Corporation

Zeus Development Corporation

January 14, 2014 06:03 ET

Some 40 Fleets Ordered LNG-Fueled Trucks in 2013, World LNG Fuels 2014 to Examine

HOUSTON, TX--(Marketwired - Jan 14, 2014) - Emissions concerns, low cost natural gas and technological maturity are motivating more fleets to purchase natural gas-fueled trucks. Those unable to carry enough fuel in compressed form use liquefied natural gas or liquefied methane.

In 2013, 41 orders were made for LNG-fueled trucks and buses from 38 fleets, according to a Zeus Development Corporation survey. The largest came from Beijing Public Transit for 3,100 LNG-fueled buses. The largest U.S. order came from parcel delivery service firm UPS, which ordered 700 units.

"LNG is growing in attraction to truck and bus fleets worldwide," noted Zeus Development Corporation LNG fuel analyst Siyu Chen. "Orders were placed last year in Canada, China, France, Poland, Spain, the U.K. and the U.S."

The 41 orders catalogued include representation of both heavy duty tractors and buses. North America (18) leads Asia (15) in number of combined orders. Asia dominates in units, though, with 4,750 units ordered.

At the fourth annual World LNG Fuels conference, Jan. 21 to 23, speakers from the China, the U.S., Canada and elsewhere will describe new truck fleet projects. Attendees will have an opportunity to learn about this market from some 70 presenters and 60 displays of technology and new services. Details are available online at http://www.worldlngfuels.com/.

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