China Energy Investment Signs MOU for $83.7 Billion in West Virginia Projects
"China Energy Investment Corp, the world's largest power company by asset value, has signed a memorandum of understanding (MOU) to invest $83.7 billion in shale gas, power and chemical projects in West Virginia, the U.S state said on Thursday."
Why this is important: During his trip to China, President Trump acquired a commitment from the Chinese government to invest $83.7 billion in West Virginia natural gas development and chemical manufacturing operations. This commitment is caused in large part by the opportunity to create a massive natural gas liquids storage system in West Virginia to provide the feed stock for such manufacturing. An announcement by the West Virginia Department of Commerce today is expected to reveal some of the details of this historic arrangement....
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