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Project Insights

China weathers winter demand season with no shortages in sight

China's gas supply and demand have been in balance so far this winter, reflecting extensive preparations by government and industry to avoid another season of shortages China's gas supply and demand have been in balance so far this winter, reflecting extensive preparations by government and industry to avoid another season of shortages.
By Colin Shek 14 January 2019 Asia Pacific / LNG 0 33830
A storage tank at Ningbo LNG terminal. (CNOOC Zhejiang LNG)

China’s all-out efforts to avoid another winter gas crunch appear to have paid off so far, with no reports of shortages in Chinese media or on social networks as the country reaches the midpoint of its annual heating season.

Gas supplies have been resilient since the four-month heating season began in northern China on 15 November, despite surging demand and several bouts of freezing weather that included some of Beijing’s coldest days on record last month.

China’s gas market entered the heating season...