China is pulling in ships from all over to avoid a natural gas supply squeeze ahead of another cold snap and as the world’s most populous nation prepares for Spring Festival celebrations. Fuel demand in January and February typically slows as temperatures improve compared with the busiest month, December, but data suggests this year could buck the trend. Another cold wave is about to hit North Asia, and Spring Festival, also known as Chinese or Lunar New Year, takes place later than usual this year in mid-February. To ensure supplies before the longest holiday in the Chinese calendar, some 60 ships carrying more than 4 million tonnes of LNG are on their way to China this month, the third highest total behind December’s 5.1 million and November’s 4.36 million tonnes, according to shipping data in Thomson Reuters Eikon. The shipments are coming from unusual origins – […]