The global natural gas refueling stations market is expected to grow at a CAGR of 4%, with the total number of gas refueling stations worldwide to reach 32,731 by 2020, according to a recent industry report. “Natural gas can be used in the forms of CNG and LNG. It can also be used in different modes of transport such as rail, road, off- road, marine, and in aviation. Natural gas is cheaper than gasoline and diesel and its prices are less volatile than international oil prices, which reduces the burden of importing heavily,” according to Vishu Rai, lead research analyst at Technavio for oil and gas. APAC is the leading and the fastest growing region for natural gas refueling stations. High dependence on fossil fuels and increased pollution levels in countries such as India, China, and Pakistan has prompted governments to support the use of natural gas over gasoline and diesel. In the Americas it is Brazil, Argentina and the US which account for the most refueling station installations. The stringent emission regulations and abundance of gas reserves in these regions, has helped increase the number of NGVs as well as the expansion of the natu- ral gas infrastructure. In Europe, where natural gas stations are driven by the need for energy independence and climate change mitigation, Italy has the highest number of natural gas refueling stations.
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