That's not true. They signed long term supply contracts with a price that was profitable.
at this point we could import the surplus back from Japan (that we sold them originally) for less than what we pay on the domestic market!
This is true. That's the problem with long term contracts! But on the other hand they did guarantee the revenue needed to develop the gas fields.
What's new is the liquefaction LNG export terminals.
That's not true. They signed long term supply contracts with a price that was profitable.
at this point we could import the surplus back from Japan (that we sold them originally) for less than what we pay on the domestic market!
This is true. That's the problem with long term contracts! But on the other hand they did guarantee the revenue needed to develop the gas fields.