Premier Li vows that industrial and supply chains will be kept stable
China scrambles to meet energy demand
The country is turning to gas to plug the gap in its energy supplies, but it will have to pay a hefty price
China’s worst energy supply crunch in a decade is having a significant impact on the world’s second-largest economy, spooking Beijing and setting off a rush for energy supplies that could leave other countries out in the cold this winter. At least 20 Chinese provinces have wrestled with either sudden blackouts, rolling power outages or official calls to reduce energy use in recent weeks. The supply crunch stretches from the northeastern provinces of Jilin, Heilongjiang and Liaoning to the manufacturing powerhouses of Jiangsu, Zhejiang and Guangdong on China’s eastern and southern seaboards. The severity of the situation has unnerved the country’s top leadership. Premier Li Keqiang vowed that
Also in this section
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
1 April 2026
The US-Iran conflict demonstrates the need for diversification in several senses of the word. It also exposes the limits of Washington applying pressure on major oil and gas producers it considers geopolitical adversaries
31 March 2026
Disappointing results in its bidding round are a reality check for Libya, and global exploration generally
