gerardkoudenburg/123RF Save for later Print Download Share LinkedIn Twitter As China overtakes Japan to become the world’s No. 1 LNG importer, Chinese buyers' desire for more long-term deals shows no signs of fading. With spot prices going through the roof, almost every importer — ranging from the three state-run majors to second-tier firms — is keen to sign a cheaper term contract while prices remain low enough to attract end-users.