It’s no secret that China is consuming a monster amount of energy in order to supply its rapid growth. From fossil fuels like coal and oil to renewables like solar, demand for all things energy in China continues to surge forward as it modernizes and grows.
And natural gas is leading the way.
According to the latest report by the International Energy Agency (IEA), China’s natural gas demand will nearly double by 2019. Driven by the power, industrial and transport sectors, in a matter of five short years, China will see its natural gas demand rise to reach 315 billion cubic meters in that time — an increase of 90%. That’s a staggering amount of growth in such a short time.
And while some of that will come from domestic sources, China will remain a huge net importer of the fuel. That means a hefty dose of liquefied natural gas (LNG), and plenty of opportunities for investors to make money on China’s natural gas addition. Here are four of the best energy stocks to buy: