A new liquefied natural gas (LNG) terminal in Yingkou, Liaoning province, remains idle despite its technical completion and an investment of approximately $1 billion by state-owned Zhongjiao Chengxian Nengyuan. Designed with an annual capacity of 6.2 million tons, the facility's inability to enter operation serves as a proxy for a broader structural shift in China's energy procurement, where pipeline gas from Russia is increasingly displacing mo…
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