REUTERS | Exceptionally cold weather sweeping through China has caused a huge increase in power demand in the world’s largest energy consumer and hampered transportation.
Frigid weather across north Asia has caught utilities and liquefied natural gas importers off guard as demand for power lowered inventories and pushed spot prices to record levels.
China’s Central Meteorological Station released the first cold warning in 2021 earlier in the week to several regions. Cities such as the eastern port city of Qingdao recorded the lowest temperature in history and the capital city Beijing had coldest day since the 1960s on Jan 7.
To read the full article, click here.