China Tries to Crack Storage Problem

摘要

Lack of natural gas storage capacity often creates problems in China during the cold winter months, when supply is unable to keep pace with demand spikes, particularly in northern regions. The government has been trying to encourage state-run gas suppliers to build more storage, but they say the incentives aren't there: The gas prices set by Beijing don't differentiate between peak and normal demand seasons, and the overall pricing regime makes it unprofitable to invest in storage infrastructure.