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China takes measures to resolve power shortages, but impact on LNG limited
Chinese authorities have stepped up measures to overcome power shortages in several provinces, including raising coal production and resolving transportation bottlenecks, but their impact on LNG imports is likely to be limited, according to market participants and traders.
This was mainly because the share of gas-fired electricity generation in China remains low, with only around 16% of natural gas used in the power sector, and as LNG demand in North Asia will continue to be driven by heating demand and a cold snap that’s expected to last through at least January.