立即注册,

不到 60 秒您即可继续访问:最新资讯提要分析主题和专题大宗商品视频、播客和博客样本市场价格和数据专题报道订阅用户通知和每日大宗商品电子邮件提醒

已有帐户?

登录以注册

忘记密码

请注意:Platts Market Center 订阅用户只能通过 Platts Market Center 重置密码

请在下面输入您的电子邮件 ID,我们将给您发送一封包含您密码的电子邮件。


  • 电子邮件地址* 请输入电子邮件地址。

如果您是高级订阅用户,出于安全原因,我们无法向您发送您的密码。请联系客服团队

如果您是 Platts Market Center 订阅用户,若要重置密码,请转到 Platts Market Center 重置您的密码。

在此列表中
天然气 | 石化产品

West Virginia officials remain hopeful about promised $84 billion Chinese investment

天然气 | 石油

Platts 情景规划服务

Bunker Fuel | 石油 | 原油 | 液化石油气 (LPG) | 石油风险 | 成品油 | 燃料油 | 汽油 | 航油 | 石脑油

appec

电力 | 天然气 | 石油 | 原油

伊拉克电力短缺叠加欧佩克+减产,促使巴格达向伊朗靠拢

West Virginia officials remain hopeful about promised $84 billion Chinese investment

亮点

MOU announced in 2017 still awaits action

Ongoing US-China trade war complicates investment decisions

Houston — West Virginia officials are still hopeful that China Energy will eventually make good on its promise of investing $84 billion in the state's natural gas and petrochemical industries, despite the ongoing US-China trade dispute, the state's secretary of commerce said Monday.

尚未注册?

接收每日电子邮件提醒、订阅用户通知并获得个性化体验。

立即注册

Following a visit to Beijing by a group of West Virginia officials last month, "we understand what China Energy is about," Secretary Ed Gaunch said in an interview Monday. "From my standpoint, we've moved the relationship further ahead."

This relationship concerns a memorandum of understanding that China Energy had signed in November 2017, during a visit by President Trump to Beijing in the early days of his administration. In that MOU, China Energy had said it hoped to invest up to $83.7 billion in shale gas development and chemical manufacturing in West Virginia over a 10-year period.

The terms of that agreement have never been made public, and since that initial announcement, the giant Chinese energy company has not made any discernible moves to make good on its commitment. The possibility of the investment ever taking place has further been called into question by the trade tensions between the US and China that have risen substantially in the months since the deal was first announced.

Nevertheless Gaunch was optimistic about the possibility of future Chinese investment in the state's midstream gas and petrochemical industries. "At some point in the not-too-distant future we are hopeful that they will announce a project or more than one project."

The visit of the trade delegation to China is just the latest contact between representatives of China Energy and West Virginia's state officials and industry representatives."They've been here 22 times over the last 22 months," he said.

Gaunch acknowledged that the MOU does not commit the Chinese energy company to any specific midstream natural gas or petrochemical manufacturing projects, although he said discussions have focused on storage-related projects.

"The MOU is so general. It's hard to put a finger on exactly what they're talking about," he said. From the standpoint of the West Virginia delegation, Gaunch said state and industry officials are focused on taking advantage of the state's bounty of "wet gas" to develop a local petrochemical storage and manufacturing industry.

ONGOING TRADE DISPUTE

Gaunch said the ongoing trade dispute between the US and China has hampered discussions over the potential for Chinese investment in West Virginia.

"For certain it is impacting the situation. We discussed it numerous times," he said. Their Chinese hosts told members of the trade delegation that the impasse between the two countries was making it difficult for China Energy to make a decision to deploy their resources.

But that issue might be nearing a resolution as President Trump, speaking on the sidelines of the G20 meeting of world leaders in Japan Saturday, announced he would forego imposing additional tariffs on Chinese imports, indicating a possible truce in the months-long trade dispute.

In the meantime, Gaunch said the trade delegation trip, which also included a stop in Japan, moved the ball in promoting increased trade relations between that nation and West Virginia.

Currently 21 Japanese companies have substantial investments in West Virginia in various industries, including metal processing and the automotive industry. "We visited with many of those companies about potential new prospects."

Regardless of whether or not the China Energy investment is ever made, West Virginia and the larger Appalachian Basin region remain the focus of Asian countries interested in investing in the growing energy and petchem industries, Greg Kozera, marketing director of Shale Crescent USA, said Monday.

Shale Crescent USA, which is trying to spur the creation of a petrochemical storage hub in the tri-state region of Pennsylvania, West Virginia and Ohio, has received a number of inquiries about the project from Asian nations outside of China, Kozera said. "There's a lot of other folks we're talking to," he said.

-- Jim Magill, jim.magill@spglobal.com

-- Edited by Valarie Jackson, newsdesk@spglobal.com