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Power of Siberia 2: Deal or no deal?
There is a good strategic case for China to sign a deal for gas supplies via the proposed Power of Siberia 2 pipeline, but Beijing’s concerns around over-dependence on a single supplier and desire to drive down the price make it relatively unlikely a contract will be finalised this year
Countdown to Mozambique LNG restart
Mozambique’s insurgency continues, but the security situation near the LNG site has significantly improved, with TotalEnergies aiming to lift its force majeure within months
China creates two-tier oil dynamic
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
Albania’s long pursuit of gas
Gas is unlikely to assume a major role in Albania’s energy mix for years to come, but two priority projects are making headway and helping to establish the sector
Australia gas security faces fitness test
Reassessment of the country’s export-facing gas policy coincides with worsening domestic market backdrop
Waiting for Arctic LNG 2
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
China’s oil output to scale new heights
New discoveries and stabilisation of legacy fields’ output have helped China reverse the decline and be a top-five producer in recent years
South Korea’s transition bottlenecks keep LNG in play
The country’s new government has grand plans for renewables, but the structural changes needed for these policies will take years to carry out
India to help Asia spearhead global refining
Shifting demand patterns leaves most populous nation primed to become downstream leader as China and the West retreat
US, Russia and China circle the Arctic
The strategic importance of vast untapped oil and gas reserves and key shipping routes has come in from the cold
Covid testing in the city of Nanjing
Opinion
China Covid-19 LNG
Shi Weijun
Beijing
3 August 2021
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Letter from China: Covid resurgence compounds economic concerns

China’s economy faces headwinds that go beyond than the arrival of the Delta variant

China’s worst Covid-19 outbreak since the virus first emerged is adding to the growing list of challenges facing the country’s economy, raising concerns about a slowdown in growth that could have consequences for domestic energy demand. The central city of Wuhan—synonymous with the coronavirus when the pandemic started 18 months ago—detected three new cases on Monday, which were the city’s first since May 2020. The cases add to an increasingly severe outbreak of the Delta variant that started at an airport in the eastern city of Nanjing last month and has now spread to more than 20 cities in nearly half of China’s 31 provinces. 7.9pc – China’s below-forecast April-June GDP growth Whi

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