China's 80% Gas Storage Estimate Could Ease Winter LNG Competition
Photo: TokenPost
An estimate that China had filled 80% of its underground gas storage by September’s end could give the country more room to limit winter purchases of spot liquefied natural gas (LNG), affecting competition for cargoes across Asia and Europe. The Chinese government does not publish an official countrywide gas-stock reading, so the percentage is an estimate rather than a government inventory figure. It indicates how much underground capacity is occupied, not how much gas could be exported or how long stored volumes could meet domestic demand.
Source: TokenPost
