U.S. Liquified Natural Gas Saves Self-Sufficient China During Energy Crisis

(p. B13) At the height of the trade war in 2019, China all but cut off imports of U.S. liquefied natural gas. Today, China is buying more gas from the U.S. than ever.

The turnabout is one consequence of the global energy shortage that has sent prices soaring. And it is a result of China’s effort to cut carbon emissions by reducing how much coal it burns.

The energy shortage, China’s most severe in many years, has forced the government to curtail operating hours at factories and cut power in some cities. The shortage is due to factors including stronger-than-expected demand for its factory exports as the global economy rebounds from the pandemic, increased movement toward gas from coal to fight pollution and a lack of rain in parts of the country that has hindered its hydroelectricity supply.

For the full story, see:

Brian Spegele. “China Binges on Gas From U.S.” The Wall Street Journal (Wednesday, November 3, 2021): B13.

(Note: the online version of the story has the date November 2, 2021, and has the title “China Binges on U.S. Gas to Manage Energy Shortage, Carbon Footprint.”)

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