China Breezes Into Beijing Winter Olympics

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China remains unruffled by Uzbekistan's decision to halt natural gas exports, with Chinese industry sources saying that won't result in a sudden rush to the LNG spot market unless prices drop below $10 million Btu, less than half the current level. In the event of shortfalls, traders say the country will rely more heavily on Russian imports via the Power of Siberia pipeline, which look set to jump 5 billion cubic meters (480 million cubic feet per day) in 2021 from last year's 10 Bcm as shipments ramp up to their 38 billion cubic meter per year capacity.

Gas Supply, LNG Demand, LNG Supply, LNG Spot Trade, Gas Pipelines
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