Businessweek: Shell Sees China LNG-for-Transport Outpacing U.S., Canada

The liquefied-gas-for-transport market is growing faster in China than in North America, because more Chinese drivers are buying new vehicles that don’t have to be retrofitted, according to Royal Dutch Shell Plc. (RDSA)

Shell, one of the world’s largest liquefied natural gas producers, has trimmed its pilot Green Corridor project in Canada to fuel long-haul trucks with the chilled fuel. The company is examining opportunities to develop the business in China, which already has more than 100,000 vehicles running on LNG, said John Abbott, Shell’s head of refining.

“Each market will be moving at a different speed,” Abbott told reporters in London today. China is “one of the markets that’s moving very fast.” In North America, “they’ll either have to pay retrofitting costs or will have to wait until the vehicle retires,” he said.
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