Severe cold snap in China drives up winter gas, heating fuel demand to record levels

Parts of northern China have been hit by the severest cold snap so far this winter, driving up demand for natural gas, power and heating fuels and potentially putting a floor on regional LNG prices. China’s Central Meteorological Observatory (CMO) issued the first low-temperature yellow alert this winter on Dec. 16, and continued to publish the warnings Dec. 17-18, saying… Parts of northern China have been hit by the severest cold snap so far this winter, driving up demand for natural gas, power and heating fuels and potentially putting a floor on regional LNG prices. China’s Central Meteorological Observatory (CMO) issued the first low-temperature yellow alert this winter on Dec. 16, and continued to publish the warnings Dec. 17-18, saying… Read More