Energy Conversion and Financial Overview
LNG Refuelling Stations Market Potential in North America
Abundant natural gas resources
Nearly 90% of the natural
gas used in the U.S. is
produced in the U.S. and
U.S. dry gas production (trillion cubic feet per year)
30
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Natural gas price is very competitive
Natural gas price is cheaper and relatively more stable than oil
price
Annual average price in real 2013 USD per million BTU (MMBtu)
nearly all the remaining
History
Projections
1%
supplies come by pipeline
from Canada
U.S. has around 2,692tcf of
natural gas supply,
according to current
2210
25
Net imports
25
11%
Shale gas
45%
14%
20
15
20%
9%
Non-associated onshore 8%
Non-associated offshore
8%
15
consumption rate, domestic
28%
Tight gas
22%
5
10
natural gas resources
2% 8%
9%
ensure future supply of
0
Coalbed methane
Associated with oil
Alaska 7%
1%
7%
5
more than 100 years
1990
2000
2009
2020
2035
Brent crude oil
Asia gas
Europe gas
United States gas
2000
2010
2020
2030
Heavy Duty Truck Market Has Huge Potential
2040
NGV penetration rate of annual new orders:
Class 3-10,001 to 14,000
Walk-in
Box Truck City Delivery Heavy Duty Pickup
Class 4-14,001 to 16,000
Currently, Class 8 Heavy Duty
Trucks consume 28 billion
gallon of fuel
NGV addressable
markets
Transit buses
Turnover/yr
5,000
NGV purchases
1,500-2,000
NGV %
penetration
30-40
Refuse trucks
6,000-8,000
3,500-4,800
50-60
Large Walk-in
Box Truck City Delivery
Class 5-16,001 to 19,500
Bucket Truck
Large Walk-in
City Delivery
Class 6-19,501 to 26,000
Deverage Truck Bingle do
Class 7 -26,001 to 33,000
Refuse
Furniture
Class 8-33,001 & Over
Coaches, shuttles,
specialty
Class
Class 3
% of fuel use
Total (ex-class 8)
4%
Class 8 trucking market
Class 4
2%
Ochool Dus
Rack Truck
Class 5
1%
Class 6
12%
Cy Transit Bus
Truck Tractor
Class 7
3%
Class 8
78%
3,000-4,000
600-750
15-25
14,000-17,000
250,000
5,600-7,550
33-54
2,000
0.8
Cement Truck
Truck Tractor
Dump Truck
Sleeper
Natural gas-powered vehicles penetration in Class 8 trucking market is much
lower than other fleet types due to high conversion cost, inadequate
infrastructure, when these issues solved, penetration should ramp up
There are approx. 3 million heavy duty trucks on the road, it is expected that
7% of the fleet will be LNG-powered by 2020, LNG consumption will be
approx. 2 billion DGE
Sources: IHS 2014 Q4 report, EIA, DOT and broker reports
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