The world’s no. 1 energy user, China, “is on the verge of passing South Korea to become the No. 2 buyer of LNG behind Japan, as environmental measures and winter heating needs boost demand,” Bloomberg reports.
“Tankers with total capacity of 33.6 million metric tons have visited China this year, just 1.7 million below South Korea’s total, according to vessel-tracking data compiled by Bloomberg. The gap was more than 24 million tons in 2011.”