Natural Gas Vehicle Industry to meet in Brussels this October
(PRWEB UK) 8 August 2012
Philip Lowe, Director General for Energy at the European Commission will be the keynote speaker at the Natural Gas Vehicle Summit Europe, the leading meeting place for NGV executives in Europe.
In his speech, the Director General will outline the role he sees CNG, LNG & bio methane playing in the future of European transportation. He will then outline the way in which incoming legislation such as the Euro 6 and CTS initiatives will have on the market for NGV’s in Europe such as an increase in demand for LNG for over the road heavy duty trucking applications. And the initiatives and policy support the commission is currently and will implement to aid the development of supporting infrastructure and vehicle availability. ]#
With the price of petrol and diesel continuing to rise, and the cost of compressed natural gas (CNG), bio methane and liquefied natural gas (LNG) falling in comparison, more and more fleet operators are becoming interested in NGVs. Even when the units themselves come at a premium, operators can hope to pay back the extra cost from lower operating expenses. And then, of course, there are the environmental benefits – a key consideration for many European companies.
The catch is that NGVs face several practical obstacles before they can become more widely used. There is a lack of vehicle models currently, and prices remain relatively high. Europe lacks a comprehensive gas fuelling infrastructure, especially for LNG. Operators currently have to develop their own fuelling stations.
However with the release of the first factory built OEM trucks that run on LNG, as well as broad investment in refuelling infrastructure, increasing regulation and strong support from fleet operators, NGV’s are increasingly gaining momentum and are touted by many (particularly for heavy duty over the road applications) as the most viable alternative to diesel.
Building on this momentum the Director General will seek to lay out the role this increasingly widespread fuel will play in the future of Europe’s transportation market.
For more information please visit http://www.ngvevent.com/eu
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