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Asia Pacific

China urges gas importers to secure supplies at any cost to avoid energy crunch this winter | Source: RT

With the world grappling with an energy crisis amid the post-pandemic recovery, China has urged its liquefied natural gas (LNG) importers to secure enough fuel before winter. The large state-owned companies are ready to pay high spot prices to attract shipments away from rivals in Asia and Europe despite the extreme losses they could be facing. Meanwhile, the China Banking and Insurance Regulatory Commission said that banks should prioritize lending to qualified mines and power plants so that they could increase thermal coal and electricity output.

Source: RT


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