China Expects Balanced Energy Supply/Demand.

China's state planner expects this winter's energy supply and demand to be generally balanced amid increasing natural gas output and liquefied natural gas (LNG) imports, state news agency Xinhua reported on Tuesday. Citing unidentified officials from the National Development and Reform Commission (NDRC), Xinhua reported natural gas demand from residential users will grow by more than 3.8 billion cubic meters (bcm) this winter as China enters a third year of a drive to replace coal with gas for use in winter heating. "China is expected to have gas storage capacity of 20 bcm this year... (State companies) CNPC, Sinopec and CNOOC have completed gas injection into the facilities to ensure gas supply in the winter", the Xinhua report cited NDRC officials as saying. [Extracted from the article]