Best in Energy – 3 March 2023

China’s abandonment of coronavirus suppression

China predicts rise in gas consumption

Debt relief in return for climate policies

U.S. interstate gas pipeline construction

U.K. auto sector’s future in doubt ($FT)

Bangladesh tenders for more LNG

Interest rate traders probe Fed reactions

NORTH INDIA has experienced above-normal seasonal temperatures since early February, driving an increase in air-conditioning and refrigeration demand and boosting electricity consumption to a record level. Temperatures in New Delhi’s Palam suburb have been above the long-term seasonal average for 18 out of 22 days since February 9:

U.S. GAS INVENTORIES are depleting much more slowly than normal for the time of year. As a result, inventories were +209 billion cubic feet (+11% or +0.55 standard deviations) above the prior ten-year seasonal average on February 24 up from a deficit of -427 billion cubic feet (-13% or -1.52 standard deviations) on September 9, 2022:

Published by

John Kemp

Energy analyst, public policy specialist, amateur historian