China meets its winter needs [NGW Magazine]
Jan 13, 2021 7:15:am
Summary So far, China has managed to cope with the cold weather while its financial involvement in some LNG projects allows it to benefit from cheaper oil indexation. [NGW Magazine Volume 6, Issue 1]
by: Shi Weijun
China’s gas market has so far avoided shortages this winter thanks to adequate preparations that include improving infrastructure flexibility, fuller storage, robust domestic production, and plentiful imports.
But as the country approaches the midpoint of its heating season, uncertainties remain and cold weather could easily disturb the fine balance in the market.
Gas supply has proved resilient in China’s heating season so far with no reports of shortages in Chinese media or on social networks. The four-month heating season runs from November to March, and that is when cities in northern China use district heating systems that in recent years have been increasingly fue