A high-profile Chinese coal-to-gas venture that lay dormant for over a decade is set to launch this year, part of a wave of investments that will allow Beijing to mitigate threats to fuel supply at a time of heightened geopolitical tensions.
State-owned power giant China Datang restarted construction in the northeastern city of Fuxin in the fall. The company aims to bring the plant online in October, according to a local newspaper report citing the project’s general manager, signaling the revival of an industry once sidelined for being too polluting and financially risky.
The government is looking to tap cheap domestic coal to limit its exposure to natural gas imports. That need has grown this decade as sanctions and protectionism have disrupted global energy flows. It has become particularly acute in recent weeks, after the war with Iran upended shipments from major gas producers in the Middle East.
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