Idg have a report out where they specifically state that they intend to import American lng to China with the red ant. They also have investments in gas reserves in Texas. I read into it a lot more last night, their plan is to export the gas from their reserves, liquify it through magnolia and load it onto ships stocked with shipping containers to house the lng.(there's a more technical name for the containers, but I can't remember it and I'm on the phone) Then they plan to ship it to China and distribute the containers throughout the country usings Jusda's logistic services. This way they bypass needing to use any of the state owned regassification plants which they specifically state. They've invested a few hundred million USD into the joint ventures needed to make it happen already with foxconn seemingly being the major driver behind idg.
LNG Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
