China gas storage 80% full ahead of winter as Iran war raises supply risk

Bloomberg · 3 hours ago
China gas storage 80% full ahead of winter as Iran war raises supply risk
  • China's underground gas storage was 80% full at the end of September, according to Rystad Energy AS analyst Xiong Wei.
  • Analysts say China has stockpiled enough natural gas to meet winter demand, as importers acted early in anticipation of price spikes from the Iran war.
  • A recent drop in LNG inventories at import terminals could create about 2 million tons of restocking demand if suppliers refill tanks to capacity.

Quotes

“underground gas storage was 80% full at the end of September”— Xiong Wei

Sources