LNG: China's short path to becoming an energy octopus
As the news portal n-tv.de reported, China has already secured a large share of global LNG supplies with long-term contracts. If German energy companies want to secure future gas supplies from the USA, for example, they may have to turn not to American producers but to Chinese intermediaries. China is strategically expanding its role on the global LNG market - from pure importer to dominant intermediary. Following the abrupt end of Russian gas supplies, a race has emerged among consumer countries for the limited reserves of the major producer countries. With the support of the German government, German companies are endeavouring to secure supply commitments...
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