China Tells Gas Suppliers to Fill Storage Ahead of Winter
- Regulator’s instruction underscores nerves over global supply
- Heating season begins on Friday for some northern cities
An LNG terminal in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s regulator has asked its biggest state-owned natural gas suppliers to fill up storage facilities heading into the peak winter heating season, underscoring risks to the nation’s energy security from rising geopolitical tensions.
The National Energy Administration said China’s demand for gas is increasing and, while the domestic market is “generally in balance,” major providers need to make every effort to keep houses warm in the winter and cope with any complications to international supplies, it said in a statement on Tuesday.