The U.S. Energy Information Administration (EIA) released its International Energy Outlook 2017 that assesses international energy markets, including transportation, through 2050.
The report found that natural gas is expected to be one of the fastest-growing forms of energy used for transportation in OECD countries on a percentage basis, a trend largely driven by favorable economics in heavy trucking.
“The share of natural gas as a transportation fuel grows from 4% in 2015 to 9% in 2040. Natural gas consumption for passenger and freight transportation—excluding natural gas pipeline consumption—grows to nearly six times its 2015 level by 2040, reaching 9 quadrillion Btu in 2040.”
Access the report HERE.