In this issue of Lantau Pique we discuss the future supply of natural gas and compare the economics of coal- and gas-fired  generation serving the peak and intermediate load in China.  We find that with the help of potential emission charges, gas-fired power generation with the latest available technologies can compete with the most efficient coal fired technologies.  Indeed, gas demand growth could sustain double digit rates for years.  But like Sisyphus pushing a great boulder up the mountain only to have it roll back down, the promise of gas in China is still just a promise.

Challenges lurk in almost every corner.