China became a price setter on the iron ore market within the last 3 years, and China could become a future price setter for natural gas, Edward L. Morse, managing director of commodities research at Citigroup Global Markets Inc., told an energy conference at Rice University's Baker Institute. "China has risen to being a big LNG player," Morse said Dec. 2 during a one-day conference on China and energy. "By the end of the decade, China will pass Japan as the biggest LNG importer." The March earthquake in Japan and resulting Fukushima nuclear power plant disaster "changed world market dynamics," Morse said, noting tightness in LNG supplies worldwide since then...