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China scrambles to meet energy demand

The country is turning to gas to plug the gap in its energy supplies, but it will have to pay a hefty price

China’s worst energy supply crunch in a decade is having a significant impact on the world’s second-largest economy, spooking Beijing and setting off a rush for energy supplies that could leave other countries out in the cold this winter. At least 20 Chinese provinces have wrestled with either sudden blackouts, rolling power outages or official calls to reduce energy use in recent weeks. The supply crunch stretches from the northeastern provinces of Jilin, Heilongjiang and Liaoning to the manufacturing powerhouses of Jiangsu, Zhejiang and Guangdong on China’s eastern and southern seaboards. The severity of the situation has unnerved the country’s top leadership. Premier Li Keqiang vowed that

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Also in this section
Invictus sees gas opportunities in Zimbabwe
25 May 2022
Managing director Scott MacMillan tells Petroleum Economist about how the once-pariah African state is changing for the better
ESG and risk pose Apac LNG-to-power funding challenges
25 May 2022
Lenders and insurance brokers see huge regional variation across the Asia-Pacific region in terms of funding for LNG-to-power projects, panellists said at Petroleum Economist’s LNG to Power Forum Apac
Asia continues long-term LNG supply quest
24 May 2022
South Korean utility is the latest to sign up for contractual volumes as the continent’s purchasers appear to put a greater premium on supply security than Europeans
Asian LNG demand sees ‘retracement’ not ‘destruction’
24 May 2022
The impact of high prices should be only a temporary phenomenon

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