China's LNG Imports May Suffer as Caverns Are Filled to The Brim [Yahoo! Finance]
EEN ENERGY HLDGS UNSP/ADR (XNGSY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
(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 World's Second Tallest Tower Spurs Debate About Who Needs It How Americans Voted Their Way Into a Housing Crisis The Plan for the World's Most Ambitious Skyscraper Renovation UC Berkeley Gives Transfer Students a Purpose-Built Home on Campus Rome May Start Charging Entry to the Trevi Fountain 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 condi
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