China will take in more natural gas from the United States to satisfy growing domestic demand, a Chinese consultancy has said amid trade talks between Washington and Beijing seeking to settle differences about a major U.S. trade deficit with Asia’s second-largest economy. As China moves away from coal and replaces it with gas, the United States is among the producers that will benefit from the shift, ICIS China’s research director Li Li said as quoted by the Maritime Executive. The record-high gas production in the States and the rush to conquer foreign markets fits perfectly with China’s rising demand. The latest LNG import figures from Beijing reveal that over the first four months of the year, LNG imports rose 58 percent on the year to 15.75 million tons as suppliers sought to respond to the growth in demand, with April shipments alone up 4.3 percent on March to 3.39 […]