China: LNG bid from Guangdong gas generators and Texas/ERCOT

Some local data commentary addressing the marginal LNG bid, or current lack thereof, from gas generators in southern China. In Guangdong alone, there is currently ~45 GW of installed gas generation capacity. By comparison, the Texas/ERCOT market has ~70GW of gas capacity. As the Texas and Louisiana gas markets bring online more liquefaction capacity during the coming months and years, LNG trade will commercially test the linkages between these two, geographically removed regional power markets.