By Tyler Durden
China’s energy crunch has resulted in power rationing in more than half of the provinces and affected the world’s biggest production base for electronic gadgets to semiconductors to appliances, among other things. Beijing has ordered energy firms to “secure supplies at all costs” as winter fast approaches to avoid shortages. But as we learn this morning, a Gazprom gas processing plant, connected to Russia’s sole gas pipeline to China, shuttered operations following a fire at the facility, according to Bloomberg.
Irina Dmitruk, the spokeswoman for the Gazprom unit, said the blaze at the Amur processing facility in eastern Siberia was extinguished around 0500 London time.
