Nikkei Asian Review
HONG KONG — As Washington and Beijing’s tit-for-tat measures in their ongoing trade war continue to escalate, a major Chinese state-owned energy conglomerate has said it will honor the $83.7 billion shale gas deal agreed with the U.S. state of West Virginia last fall.
Ling Wen, president of China Energy Investment, told reporters on Monday that the contract he signed during U.S. President Donald Trump’s visit to China last November was moving ahead as planned. The project was a central part of the $250 billion-worth of deals agreed between the two countries. The size of the West Virginia project, which will last for the next two decades, was more than the state’s gross domestic product last year. Continue reading “Chinese company recommits to $83.7B West Virginia shale gas deal”