Eurasia Group: China's shift from coal to gas raised price of blue fuel by 1,000%
China’s shift from coal to gas is a “big overlooked factor” in record high natural gas prices, according to political risk consultancy Eurasia Group. Henning Gloystein, director of energy, climate and resources at Eurasia said millions of households in China were estimated to have moved from coal to natural gas for heating their homes in 2020. The majority of those transitions happened in the last quarter of the year, just before winter arrived, he told CNBC’s “Squawk Box Asia” on Monday
