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The cost to convert a vehicle to propane in Canada is approximately CA$4,000 to CA$6,000 for the current vapour or liquid fuel injected technology, and fleet users can expect a payback on the conversion cost within a year. Converting a vehicle to propane is approximately half the cost of converting a vehicle to natural gas in Canada.
However, in many European countries, this tax break is often compensated by a much higher annual tax on cars using LPG than on cars using petrol or fuel-oil. Propane is the third most widely used motor fuel in the world. 2013 estimates are that over 24.9 million vehicles are fueled by propane gas worldwide.
As of October 2013, the retail cost of propane was approximately $2.37 per gallon, or roughly $25.95 per 1 million BTUs. [58] This means that filling a 500-gallon propane tank, which is what households that use propane as their main source of energy usually require, cost $948 (80% of 500 gallons or 400 gallons), a 7.5% increase on the 2012 ...
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Freeport LNG started construction in the first quarter of 2005. The 2005 estimated cost to construct the facility was US$800–850 million, before financing costs, with terminal operations expected to commence in 2008. [3] In the event, the company began operations as a gas importer in 2008. [4]
The company earned a profit in nine of the ten calendar years from 2013 to 2022. It reported a $2.59 billion loss for calendar year 2020. Management attributed the 2020 loss to the COVID-19 global pandemic, which reduced demand for energy products.
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