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Natural gas market opportunities remain ‘tremendous’

The natural gas vehicle segment struggled in 2015, but long-term prospects are still positive. Michael Nash investigates

Data from Navigant Research suggests that sales dropped in the natural gas vehicle (NGV) market during 2015. US revenue alone was down from US$1,682m in 2014 to US$1,542m, a decline triggered by low oil prices. However, Navigant’s predictions for the future are positive, and a number of suppliers are confident that the market will soon bounce back.

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