January 31, 2018 / 10:52 AM / 9 months ago

Volvo Trucks sees potential for 10 pct of Swedish sales in LNG trucks

VIENNA, Jan 31 (Reuters) -

* Lars Martensson, director of environment and innovation at Volvo Trucks, says at a gas conference in Vienna on Wednesday he is upbeat about the potential of using liquefied natural gas (LNG) for long-range trucks

* “We have made an estimate for the Swedish market ... - it’s a good indication of the potential that we see - for Sweden we have stated that ... within the next (two to three) years we believe that about 10 percent of our sales will be LNG trucks,” he tells Reuters

* “When I say 10 percent for the Swedish market, then we say for Sweden we speak about several hundred trucks ... If we would take that as an indication of Europe, then we speak of many thousand trucks in Europe using LNG.”

* “In some countries where LNG trucks exist already today and where there’s a good infrastructure like in Spain, (Britain), the Netherlands, of course there the potential is higher than other countries ... like Germany where we’re starting from another level, so there we have bigger challenges in order to reach 10 percent.”

* “We have customers who are interested in replacing all their existing diesel vehicles with LNG and those customers in some cases are operating several hundred trucks. So it’s definitely big volumes we’re speaking about.”

* “The price is set country by country ... It will be more expensive but with 30-40 percent lower cost for energy compared with diesel the pay-back will be good for customers and by pay-back we speak about maybe two to three years.” (Reporting by Shadia Nasralla; Editing by Mark Potter)

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