Oil Gives Way to Gas for China’s Trucks as LNG Prices Cool
- One in three new heavy-duty trucks sold in China run on gas
- Super-chilled fuel also one of main alternatives for shipping
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A slump in the price of natural gas and the prospect of a glut in the years ahead is spurring sales of trucks and ships powered by the fuel, hastening a long-term shift away from oil in the top importer.
One in three new heavy-duty trucks sold in China in April was powered by the super-chilled fuel that’s more commonly used as a feedstock for electricity generation. That’s up from just one in eight a year earlier.