CNG News: 14th January 2009

The year of 2009 is promising for the Brazilian CNG

Because of the fall in the price of oil, the year of 2009 should be a year of reduction in the gas prices, which can push the market of CNG in Brazil, even with the global financial crisis. The projections are of CNG Committee member of IBP, Francisco Barros, for whom the use of CNG, more economical than gasoline and alcohol, usually presents growth in times of crisis, because the consumer's attention turns to the reduction of expenses. The expectations for this year follow the positive performance of the gas market in the country in 2008. In the period, the increase in the number of vehicles converted to CNG was 5.19% while the growth of the network of NGV station was 7% compared to 2007. Not only the demand for natural gas has increased in 2008, but the offer. In the first ten months of the year, the domestic production increased 19.22%, with an average volume of 59,29 million m3 per day. The imports increased 11.63%, with an average volume of 31,59 million m3 per day.