China Moving In On The U.S LNG and Shale Boom

China Petroleum and Chemical Corp (Sinopec), Bank of China and CIC Capital Corp signed a joint development agreement with Alaska Gasoline Development Corp and the State of Alaska to jointly build an integrated liquefied natural gas (LNG) system valued at $43 billion.

China Energy Investment Corp signed a memorandum of understanding with West Virginia state to invest $83.7 billion in shale gas, power and chemical projects. Read more