Chinese authorities have ordered state gas importers to share their infrastructure in a bid to avoid another gas shortage like the one it experienced in the winter of 2017. In December 2017, several million people in northern China were left without heat because there was not enough gas in the region, and the transportation network was far from complete. Now, this network is much closer to launch, and Beijing needs to make sure there will be no more shortages. Therefore, China has instructed Sinopec, which owns the biggest LNG import terminals network, to share them with peers CNOOC and CNPC, Bloomberg reports . CNOOC and CNPC need to use Sinopec’s facilities not because they don’t have their own–it’s because their own storage is full. The level of LNG supply in storage earlier this year prompted CNOOC and CNPC to declare temporary force majeure on LNG imports. A recent Reuters […]