China’s Sinopec Corp pledged Tuesday to maximize domestic gas productions and raise imports of liquefied natural gas (LNG) to record rates as a cold wave hitting large parts of the country this week stretches demand for the winter heating fuel, reports Reuters (SINGAPORE).
China’s central economic planner, the National Development and Reform Commission (NDRC) has urged companies to step up imports of natural gas and thermal coal as temperatures are set to fall sharply.
Sinopec, already Asia’s number one importer of LNG, said that its LNG imports into receiving terminals in north China’s Tianjin and east China’s Qingdao will reach new all-time highs in early January.
The company will also increase domestic natural gas production by another one million cubic meters a day by the end of January by accelerating the drilling of new development wells.
It’s also maximizing extracting gas from its underground storage in central and east China, while maintaining high inventories at LNG storage tanks, the company said.
The increased demand is due to a mass of Arctic air currently engulfing much of the Asian continent: from Central/Eastern Russia, through Mongolia, Kazakhstan, India, Pakistan, and the eastern half of China, temperatures some 20C below the winter average are dominating.
This is the scene today, Tuesday, December 29 — I can’t stress how large of an area this extreme cold is covering:
And heading into January, there appears to be no let-up in sight:
China is preparing.
So should you.
Both NOAA and NASA appear to agree, if you read between the lines, with NOAA saying we’re entering a ‘full-blown’ Grand Solar Minimum in the late-2020s, and NASA seeing this upcoming solar cycle (25) as “the weakest of the past 200 years”, with the agency correlating previous solar shutdowns to prolonged periods of global cooling here.
Furthermore, we can’t ignore the slew of new scientific papers stating the immense impact The Beaufort Gyre could have on the Gulf Stream, and therefore the climate overall.
Prepare accordingly— learn the facts, relocate if need be, and grow your own.
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Grand Solar Minimum + Pole Shift