| Shale Gas and the Road Fuel Market |
| Wednesday, 29 February 2012 | |
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Shale Gas and the Road Fuel Market: Can Compressed Natural Gas reduce oil dependence in UK transport? Speaker: John Baldwin, (Managing Director, CNG Services) DECC forecasts that Britain will be importing 1 million barrels of oil a day in 2020, primarily for use in road transport. At $150 a barrel, this translates to $3 billion a month spent on imported oil. Compressed Natural Gas (CNG) is already used as a road transport fuel in many countries. To what extent could increased use of CNG help reduce oil consumption in the UK? What impact does the shale gas revolution have on this? John Baldwin (Managing Director, CNG Services) will explain why he thinks that shale gas and CNG for road transport will reduce UK oil dependency and carbon emissions, as well as support growth in renewables. |