Chinese city gas operators have seen gas sales and profits rise amid a rebound in industrial demand and strong heating needs this winter. Fitch Rating says the spike in Chinese gas demand can be met to a large extend and pushed up distributors’ profits, though rising spot LNG prices put pressure on dollar margins.
Utilisation of Bangladesh’s thermal power plants is in decline amid rising reliance on costly LNG imports, which increases the cost of power generation. Data from the Bangladesh Power Development Board’s (BPDB) latest report shows that overall power capacity utilisation fell from 43% to just 40% in fiscal year 2019-20.
Fossil fuel production in the United States will stay flat this year as rising coal output offsets falling gas production, the US administration’s Short-Term Energy Outlook (STEO) finds. Starting from 2022, production of all fossil fuels is set to increase though growth will stay below the 2019 peak.