Thursday, November 1, 2012

China prioritizes use of natural gas by vehicles, ships

(Reuters) - China unveiled on Wednesday a natural gas policy designed to spur the transport sector's use of the cleaner-burning fuel, and particularly of liquefied natural gas (LNG), as the world's second-largest user of fuel reins in consumption of dirtier oil.
Besides homes, utilities and factories, the government for the first time targeted the transport sector, covering buses, taxis, trucks, and vessels as preferred users of natural gas, according to a document published on the website of the National Development & Reform Commission (www.ndrc.gov.cn).

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Interesting especially for stocks such as LPH, etc.

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