IEEFA – Heavy Trucking Unlikely to Materially Increase China’s LNG Imports

The main topic of the report is the analysis of the prospects for increasing LNG (liquefied natural gas) imports into China for heavy trucking needs.

Key findings include the volatility of LNG prices reducing its competitiveness compared to more stable diesel prices, subsidies for exchanging old trucks for new models favoring electric models, electric models becoming more competitive, China's LNG production being sufficient to meet heavy trucking needs with growing production volumes, and the lack of cheap and abundant gas sources in other Asian countries limiting the possibility of an LNG trucking boom in the region.