LNG rather than late renewable built-out to blame for China’s soaring energy prices; IEA says

Monday, 01 November 2021

The latest spike in natural gas and electricity prices in China was caused by lower global LNG production and fast-growing energy demand as the Asian powerhouse was the first country to emerge from the Covid-19 pandemic, the International Energy Agency (IEA) said. But analysts are critical when it comes to Beijing’s ambitions to curb CO2 emissions as this would require massive green energy investment.

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