Costliest Gas in World Clouds China’s Campaign for Bluer Skies
- To encourage swifter switch from coal, prices need to drop
- But companies are seen requiring high prices to add supplies
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China has promised to make its skies blue again, but having some of the world’s most-expensive natural gas isn’t helping.
The biggest energy consumer on earth wants to use more of the cleaner-burning fuel in place of the coal that’s choking its skies and causing pollution far exceeding the World Health Organization’s daily recommended limit. China has the ability to increase imports and is seeking to raise domestic production, but high prices risk suppressing demand growth and jeopardizing the country’s ambitious targets.