Two years later, they founded Yantai Jereh, which grew into a major supplier of oilfield equipment and services for oil and gas drilling, natural gasliquefaction and environmental control.
But some global gas giants are committing to buy ever more LNG from liquefaction plants without lining up subsequent buyers, which will let them sell it to the highest bidder instead.
On the other hand, international markets pay a huge premium for the gas even after one factors in increased costs to account for liquefaction and transportation.