An estimated 45 million people in the UK will be forced into fuel poverty and struggle to pay energy bills this winter, new research has found.
Asia’s top liquefied natural gas (LNG) importers are accelerating efforts to secure fuel for winter on fears that Russia will curb supply and further tighten the global market. This could pose a further setback for Europe as it tries to manage its energy crisis.
A weather phenomenon that typically delivers harsher winters is on the way and expected to add to Asia’s energy crisis.
Plunging temperatures across parts of China have sparked an early start to the winter heating season, likely lifting power demand and intensifying the nation’s energy crisis.
While most gas suppliers look set to benefit from a global spike in gas prices, PetroChina (HK:857) is one of the few exceptions, as regulated prices and rising gas import losses are set to squeeze China’s largest gas producer.
China is escalating its purchases of liquefied natural gas (LNG) for the winter, exacerbating a global supply shortage and leaving less fuel for energy-parched Europe.
Poor planning and a lack of national resources meant people in the UK were almost 10 times more likely to die from a cold home than a road traffic accident during the cold snap last winter, a report has found.