LNG heavy trucks remain a cornerstone of liquid consumption in China

Source: Mysteel Jul 23, 2026 14:00

LNG's cost competitiveness against diesel remains the key driver of LNG heavy-duty truck demand in 2026. The LNG-to-diesel price ratio stays within the 0.60-0.80 range, keeping LNG truck fuel costs roughly 25% lower than diesel. In 2025, LNG bunkering and refueling already accounted for 67% of China's total LNG liquid consumption, with heavy-duty trucks contributing over 97% of that volume. With LNG truck sales projected at around 185,000 units in 2026, vehicle LNG is set to further cement its role as the cornerstone of LNG liquid consumption.

LNG heavy-duty trucks are expected to remain the largest downstream consumption segment for LNG in 2026, with full-year sales projected at roughly 185,000 units. Their resilience stems from a sustained cost advantage over diesel, with the LNG-to-diesel price ratio stays within the 0.60-0.80 range, keeping fuel costs roughly 25%

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