Severe cold snap in China drives up winter gas, heating fuel demand to record levels
December 20, 2023 Comments Off
Parts of northern China have been hit by the severest cold snap so far this winter, driving up demand for natural gas, power and heating fuels and potentially putting a floor on regional LNG prices. China’s Central Meteorological Observatory (CMO) issued the first low-temperature yellow alert this winter on Dec. 16, and continued to publish the warnings Dec. 17-18, saying…
Severe cold snap in China drives up winter gas, heating fuel demand to record levels
Parts of northern China have been hit by the severest cold snap so far this winter, driving up demand for natural gas, power and heating fuels and potentially putting a floor on regional LNG prices. China’s Central Meteorological Observatory (CMO) issued the first low-temperature yellow alert this winter on Dec. 16, and continued to publish the warnings Dec. 17-18, saying…
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