LNG exporters spot chance to make hay while China shivers
SEVERE winter gas shortages in northern China have been forecast to continue until at least 2020, raising the potential for Australia’s burgeoning LNG export industry to tap surging seasonal demand for increased spot cargo deliveries at higher pricing levels.
According to global energy consultant Wood Mackenzie, winter residential demand in some northern Chinese cities will increase by up to tenfold from non-peak requirements this year.
