www.bloomberg.com
A forecast for frigid weather in Northeast China threatens to push liquefied natural gas (LNG) prices higher. The severe cold is expected to increase heating demand, straining the global supply of the super-chilled fuel. This situation is complicated by a simultaneous cold spell in Europe, which is home to rival buyers. With both major markets competing for limited LNG cargoes, the increased demand from China could significantly drive up prices as the world’s supply becomes stretched.
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