Trump, China and an LNG deal
The US president's trip to China yielded the promise of a new gas supply partnership. But the deal was heavy on fanfare and light on details
Among the headline announcements from President Donald Trump's first state visit to China was a non-binding memorandum of understanding for state-owned Sinopec, the Bank of China and China Investment Corporation, the sovereign wealth fund, to join the Alaska LNG megaproject.
Details of the agreement were scant, probably because there aren't many details to share at this point. In a press release, Alaska Gasline Development Corporation (AGDC), the state government-backed company now leading the project, said "the parties have agreed to work cooperatively on liquefied natural gas marketing, financing, investment model and China content in Alaska LNG, and get a periodic result by 2018."
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