The expansion of underground gas storage in northeast China could alleviate distribution network bottlenecks in the country’s key winter demand centers, and help stabilize seasonal demand and price fluctuations in the wider Asian LNG markets. Receive daily email alerts, subscriber notes & personalize your experience. Register Now China’s growing LNG consumption, driven by coal-to-gas conversion policies, GDP expansion and industrial recovery, have tightened Asian LNG fundamentals, with the Platts JKM averaging $9/MMBtu in first-half 2018, up from $6.30/MMBtu in H1 2017, after peaking at $11.70/MMBtu on January 15 — its highest level since late 2014, S&P Global Platts data showed. The country’s biggest underground gas storage is currently being built by Liaohe Oil Field Company, a subsidiary of state-owned CNPC, on the bank of the Bohai Bay, a strategic location and home to a natural gas pipeline network that connects China’s heavily industrialized neighboring regions of Beijing, […]