China's LNG Imports May Suffer as Caverns Are Filled to The Brim [Yahoo! Finance Canada]
EEN ENERGY HLDGS UNSP/ADR (XNGSY)
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Source: Yahoo! Finance Canada
(Bloomberg) -- China has boosted underground storage of natural gas, after it made an early start on preparations for peak demand over the winter. Most Read from Bloomberg But the build-up may also signal subdued consumption in recent months due to a slowing economy, which has left the country uncommonly well-stocked with the fuel. If the winter's bitter, then China will surely be glad of its hoard. But mild weather could have implications for imports, especially the more expensive spot purchases of liquefied natural gas. Beijing has a particular sensitivity around power and heating supplies after enduring shortages in recent years. Gas is also heavily keyed to geopolitical conditions, shown by the spike in international prices that followed the invasion of Ukraine, which creates an additional incentive to secure supplies. The government doesn't publish nationwide figures on inventory, but recent releases from major storage hubs indicate that increased volumes have been injec
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