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Commodities

China on pace to become top natural gas importer in 2018

Asian fuel demand surges, driving scramble for new suppliers

Environmental concerns are a big driver of China's rising imports of natural gas, which burns more cleanly than coal.   © Reuters

TOKYO -- China is expected to become the world's biggest importer of natural gas for the first time in 2018, overtaking longtime leaders Japan and South Korea.

The increase in China's imports impacts the spot price for liquefied natural gas in Asia, which doubled between July and December of last year to $11.20 per million British thermal units from $5.45.

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