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
Also in this section
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
1 December 2025
The North African producer’s first bidding round in almost two decades is an important milestone but the recent extension suggests a degree of trepidation






