Thats a big deal. As long as I can think in terms of energy, Japan has always been the big cheese. The island chain cannot economically be supplied with pipeline gas and it’s also hard to move gas around. China has no such limitations but they need all forms of energy available. The bigger question is – what will happen when China goes into a recession? This looks ridiculous right now but it’s always good to contemplate the if’s – ain’t it?
China's rising imports of liquefied natural gas (LNG) position it to surpass Japan this year as the world's largest buyer of the superchilled fuel, pricing data and cargo tracking firm ICIS Edge said on Wednesday.