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How China Could Send LNG Prices Into The Stratosphere ...Middle East
China, which last year became the world’s top importer of liquefied natural gas, has been importing a lot less of it this year. Imports were down by as much as 20 percent amid skyrocketing prices in the first half of the year and buyers are still holding back on more shipments. But this could change on a dime. Six years ago, China was hit by a severe natural gas shortage in the north, leading to blackouts and heating outages for millions of people. This was the result of a rushed shift from coal to gas, with gas transportation infrastructure…
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