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China’s Sufficient Gas Stocks Could Ease Winter Supply Concerns
Chinese LNG buyers acted early to build gas stockpiles amid the Iran war, helping the world’s top LNG importer stock up enough inventories ahead of the winter, industry analysts have told Bloomberg. As of the end of September, China’s underground gas storage was 80% full, according to Rystad Energy’s analyst Xiong Wei. Lower demand for spot supply from China this winter could mean relief for other LNG customers in Asia and Europe, many of which have been struggling with high spot LNG prices and intensified competition for supply…
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