China’s LNG demand falls in Q2 despite power outages in Sichuan

Wednesday, 14 September 2022

Notwithstanding electric power shortages in Sichuan province, China’s overall gas demand has fallen nearly 5 percent in the second quarter of 2002 due to a sustained economic slowdown, a stark rise in LNG import prices and political support for clean coal. Less gas-burn for power gen and more renewables further contributed to the absolute decline in volumes, explains WoodMac research director Maioru Huang. 

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