China Energy to invest $83.7 bln in West Virginia’s shale gas

China Energy to invest $83.7 bln in West Virginia's shale gas

China Energy Investment Corporation could invest $83.7 billion in West Virginia’s shale gas and chemical manufacturing projects. 

The plan has been set forth in the memorandum of understanding signed by West Virginia’s secretary of commerce H. Wood Thrasher and China Energy president Ling Wen, during Donald Trump’s presidential visit to China.

China Energy has made several trips to West Virginia, and the MoU marks the first step in a series of commitments China Energy plans to make in the Mountain State, West Virginia’s department of commerce said.

Planning for the projects is underway and will proceed in phases over the course of 20 years. The projects will focus on power generation, chemical manufacturing, and underground storage of natural gas liquids and derivatives.

China Energy selected West Virginia for this project because of the state’s position as an energy-producing state and home to one of the world’s largest shale gas reserves, the statement reads.

Share this article

Follow LNG World News

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >