The China Partnership of Greater Philadelphia, supported by U.S. Government agencies, has been developing a significant opportunity between Greater Philadelphia and the northeast region of China (anchored by the industrial concentration of Tianjin, Philadelphia’s Sister City). This program promotes the strategic opportunity for foreign direct investment (FDI) by a Chinese oil & gas manufacturer headquartered in northern-eastern China into the Greater Philadelphia region in order to secure access to inexpensive energy feed-stocks proximate to the Marcellus Shale. The first stage of this investment would likely focus on “wet gas” and involve local processing of ethylene chain intermediate products for export through Philadelphia regional ports back to China. The second stage of this opportunity could potentially involve eventual shipment of compressed “dry” gas but for that that stage to take place, U.S. government approvals and LNG transshipment facilities, neither of which is currently in place, would be required.
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