Gas im­ports to rise in win­ter, eco­nomic plan­ner says

China Daily (Canada) - - BUSINESS -

China will aim to boost nat­u­ral gas im­ports and boost its crude oil stor­age ca­pac­ity this win­ter as it deals with ris­ing en­ergy de­mand over the peak con­sump­tion sea­son. TheN­ational De­vel­op­ment and Re­form Com­mis­sion said on its web­site that over­all en­ergy sup­plies were likely to be suf­fi­cient dur­ing the pe­riod, but some re­gional short­ages were likely. Chi­nese en­ergy use peaks in win­ter with power de­mand soar­ing and ur­ban heat­ing sys­tems switch­ing on through­out the north of the coun­try putting pres­sure on coal and nat­u­ral gas sup­plies, as well as the trans­porta­tion net­work. big­gest ad­vance in a year, on signs reg­u­la­tors will al­low in­sur­ers to sell pre­ferred shares. Yanzhou CoalMin­ing Co climbed 3.6 per­cent, par­ing a dis­count to its Shang­hai-listed shares to 39 per­cent be­fore an ex­change link starts next week.

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