China Eyes Coal, Gas Imports to Calm Power Crunch: Energy Update By Bloomberg – Investing.com
- Date: 28-Sep-2021
- Source: Investing.com
- Sector:Oil & Gas
- Country:Middle East
China Eyes Coal, Gas Imports to Calm Power Crunch: Energy Update By Bloomberg – Investing.com
(Bloomberg) -- The world’s second-biggest economy is caught in the grips of a widening power shortage that’s threatening to stymie growth and further tangle already snarled global supply chains.
At least 17 Chinese provinces and regions making up 66% of the country’s gross domestic product have announced some form of power cuts, mostly targeted at heavy industrial users, according to Bloomberg Intelligence. The reasons are two-fold -- record high coal prices are causing power generators to trim output despite soaring demand, while some areas have pro-actively halted electricity flows to meet emissions and energy intensity goals.
Here are the latest updates as China tries to bring back power to the people (All times Beijing):
Select Sector 
Select Country 
