China Revives Coal-to-Gas Megaproject as War Disrupts Global Energy Flows
A project for the conversion of coal to gas in China has been revived and is set to launch this year as the world’s top energy importer grapples with the fallout of the war in the Middle East. Work on the Fuxin project began in 2011, with a price tag of $3.7 billion, but three years later, it was suspended because the project had become too problematic, Bloomberg reported today. The problems included environmental concerns, cost, and logistical and technical challenges. Its revival this year suggests that the market environment has changed…