China throws Europe an energy lifeline with LNG resales

Surplus gas eases Russia's stranglehold, but gives Beijing outsize influence

20220823 UKRAINE lights facade CRISIS-GERMANY-ENERGY

Facade lights have been turned off at the Frauenkirche, Church of Our Lady, to save energy in Dresden, Germany on Aug. 22. © Reuters

MISA HAMA, Nikkei commodities editor

August 24, 2022 11:58 JST

TOKYO -- Europe's fears of gas shortages heading into winter may have been circumvented, thanks to an unexpected white knight: China.

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