Gov. Bill Walker is hopeful the inroads his administration has made with top-level officials in the Chinese government through cooperation on the Alaska LNG Project can be parlayed into partnerships for other industries.
The governor outlined his plans to bolster Alaska-China trade during a Nov. 21 press conference mainly focused on the state’s gasline Nov. 9 agreement with three government-owned Chinese companies.
The non-binding joint development agreement sets an outline for Sinopec, the world’s largest integrated oil and gas company, to purchase up to 75 percent of the LNG from the Alaska LNG Project. The Bank of China and the China Investment Corp., the country’s $813 billion sovereign wealth fund, would finance and directly invest in portions of the $40 billion megaproject.
For the rest of this story, visit the Alaska Journal of Commerce.
