As China Faces Winter Gas Crunch, LNG Prices Soar

The scale of China's soaring gas demand can be seen in the major industrial province of Hebei.

"Hebei province alone needs an extra 2 billion cubic metres (bcm) of natural gas for heating because of mandatory measures to switch industrial and residential boilers to use natural gas," JLC's Jiang said, referring to winter demand.

That's the equivalent of 870,000 tonnes of extra LNG, equal to almost a quarter of the country's total demand.

(Reporting by Henning Gloystein in SINGAPORE and Meng Meng in BEIJING; Editing by Richard Pullin)


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