Shutterstock Save for later Print Download Share LinkedIn Twitter China could be facing an oversupplied domestic natural gas market during the heating season spanning from November to March if winter temperatures remain mild, industry insiders tell Energy Intelligence. Beijing failed to announce a plan to lift its strict zero-Covid-19 lockdown policies during the Chinese Communist Party Congress ended on Oct. 22, which market observers believed could have restarted the country’s lagging economy and ramped up its gas and LNG demand. The lack of a change in policy could spell good news for Europe, as it takes out last year's largest LNG importer in the world as a huge competitor for hard-to-get spot LNG cargoes during the high-demand winter season.
