Passenger electric vehicles are not the only alternative in the transportation sector that are poised to displace part of China’s oil demand. LNG-fueled heavy-duty vehicles are also set to limit diesel use for transport, especially now that LNG is cheaper than diesel. Chinese sales of LNG trucks have been booming in recent months, as global and Asian LNG prices are much lower than the record highs seen at the peak of the energy crisis in the summer of 2022. A surge in LNG trucking is set to eat into Chinese oil demand for transportation…
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