Natural Gas Will Challenge Oil’s Monopoly as a Transportation Fuel, IHS Study Says

Dateline City:
PARIS
Contacts
All Industries
IHS Media Relations, +1 303 305 8021
press@ihs.com
or
Energy & Power; Defense, Risk & Security
Jeff Marn, +1 202 463 8213
Energy Strategy, Renewable Energy
jeff.marn@ihs.com
or
Automotive, Chemicals, Energy, Supply Chain
Katarzyna Kosior, +44 20 8276 4796
katarzyna.kosior@ihs.com

Greater use in transportation could displace more than 1.5 million barrels per day of oil demand by 2030

PARIS (June 3, 2015) – A new study by business information provider IHS (NYSE: IHS) forecasts significant growth and value in the market for natural gas and liquefied natural gas (LNG) as a transportation fuel. The study, LNG in Transportation: Challenging Oil’s Grip says that use of natural gas as a transportation fuel could displace more than 1.5 mbd of oil demand by 2030.

Language:
English

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