Energy users in the United States and Europe are concerned about low natural gas inventories as a colder climate approaches. In Northeast Asia, heating costs could skyrocket again this winter. Global gas shortages are a factor, but large homes are near.
China’s latest efforts to improve dangerous and fragmented coal mining conditions have contributed to slowing supplies and rising coal prices. It has also spread to the liquefied natural gas market. The situation is reminiscent of late 2016, when the recovering Chinese economy was hit by government mine closures, resulting in a significant increase in coal prices.
China’s coal and gas issues may test Beijing’s principles
Source link China’s coal and gas issues may test Beijing’s theories