Northern Shaanxi is facing its worst flooding for decades. The situation has raised wholesale LNG prices locally and in neighbouring Shanxi, and further increases are expected this month.
Heavy downpours battered the city of Yulin for 12 hours during 25-26 July, causing flooding in the counties of Suide, Zizhou and Mizhi. More than 71,300 people were relocated and direct economic losses will exceed RMB 230 million ($34.1 million), the provincial flood control headquarters said following the disaster.
PetroChina’s Changqing Oilfield shut down 18 gas-gathering stations and a...
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