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BEIJING nike air max plus tn ultra blanche , Dec. 30 (Xinhuanet) -- Shale gas assets acquired in the United States are unlikely to provide quick and substantial returns to China Shenhua, but in the long-term they will benefit Shenhua and the wider Chinese energy industry, in terms of the opportunities to acquire shale gas extraction technology and generate earnings, say analysts.


China Shenhua, the largest coal supplier and vendor in China nike air presto ultra flyknit bleu , announced on Monday that it plans to invest 90 billion U.S. dollars in a US shale gas project with Energy Corporation of America. Shenhua said that the project could yield an estimated 3.8 billion cubic meters of shale gas in the first 30 years, amounting to around two thirds of the planned target for shale gas development set by China’s 12th Five-Year-Plan (2011-2015).


Shenhua’s acquisition is not the first time a Chinese company has become involved in shale gas in the U.S. In early 2012 China Petrochemical Corp., or Sinopec, reached a deal worth 2.2 billion U.S. dollars with US explorer Devon Energy to buy some of Devon’s stake in five shale gas assets in the U.S.


In 2011 China National Offshore Oil Corporation (CNOOC) paid 570 million U.S. dollars for a one-third stake in a shale project owned by Chesapeake Energy, the second biggest natural gas producer in the U.S.


China’s small oil players also want a share in U.S. shale assets. Last October nike air presto essential noir , Lanzhou Haimo Technologies, an oil well production meter supplier, announced the purchase of a 14.29 percent stake in Houston-based Carrizo Oil & Gas's Niobrara shale oil and gas assets in Colorado for 27.5 million US dollars.


The governments of China and the U.S. set the tone for business cooperation in shale by issuing a Joint Fact Sheet on Strengthening U.S.-China Economic Relations on December 5. The fact sheet states that “The United States commits to engage with China on technical, standards, and policy cooperation air max flair prix , to facilitate the improvement of China’s regulatory frameworks, so as to promote the sound and rapid development of China’s shale gas exploration and development.”


Analysts believe that when Chinese companies enter North America, they are getting energy as well as experience of and advanced technology in shale gas exploration.


“The U.S. story is that attracted by government subsidies, more and more companies are taking part in shale gas development. Companies have become the major players in this field and have built a pipeline network which solves the delivery problem of shale gas,” says Lin Boqiang air max flair pas cher , former principal economist (energy) of Asian Development Bank.


Although information quoted by the Wall Street Journal says that Chinese oil giants have focused on conventional resources this year, China will continue to seek shale assets in North America. Compared to combustible ice, shale gas is seen as already commercially viable and can be produced on a large scale. With China engaged in transforming its energy consumption structure, the significance of shale gas as a new source of energy is rising.


(Source: people)


NEW YORK, June 18 (Xinhua) -- U.S. stocks rallied Wednesday slip on vans homme , with the S&P 500 closing at a new all-time high, as investors cheered dovish remarks by Federal Reserve Chair Janet Yellen following the Fed's two-day policy meeting.


The S&P 500 climbed 14.99 points, or 0.77 percent, to close at a record high of 1,956.98 points vans slip on cuir , after hitting an all-time intraday high of 1,957.74 points. The Dow Jones Industrial Average rose 98.13 points, or 0.58 percent, to 16,906.62. The Nasdaq Composite Index ticked up 25.60 points vans toy story femme , or 0.59 percent, to 4,362. 84.


The major stock indices spiked after the Fed announced another 10-billion-U.S. dollar reduction in its monthly bond purchase to 35 billion dollars, pointing to signs of a strengthening economy after a brutal winter.


The Fed said in a statement issued after the meeting that "a highly accommodative stance of monetary policy remains appropriate, " while lowering its economic growth rate for 2014 from its March projections.


The stock market accelerated jumping after Yellen said at a press conference half an hour after the statement that recent pickup in consumer price index is noisy vans sk8 hi blanche , while emphasizing that the Fed has no set timing whatsoever for interest rate increase.


The U.S. CPI rose 0.4 percent in May following a 0.3-percent increase in April, said the Labor Department Tuesday.


Additionally, the Fed chief also comforted investors by saying that U.S. equity prices appeared to be at historical norms.


Economic data released Wednesday showed that U.S. mortgage applications slumped 9.2 percent last week, according to a survey from the Mortgage Bankers Association.


In corporate news, FedEx shares climbed 6.16 percent to 148.95 dollars after the economic bellwether reported Wednesday earnings of 2.46 dollars a piece per diluted share for the fourth quarter ended May 31 for fiscal 2014 on revenues of 11.8 billion dollars vans sk8 hi platform noir , both of which beat market estimates.




KIGALI, Feb. 25 (Xinhua) -- The FIFA President Gianni Infantino has called on the Rwanda soccer federation body (FERWAFA) to actively take part in the development of local football to be able to compete at the global level.


He made the remarks on Saturday while speaking shortly after arriving in the Rwandan capital Kigali for a two-day visit.


It is Infantino's first visit to Africa since he was elected in February last year to replace Sepp Blatter.


Upon his arrival at Kigali International Airport, the FIFA boss went straight to Amahoro National Stadium where he watched the Azam Rwanda local Premier League football match between Police Fc and Rayon Sports.


"Rwandans have got an amazing soccer talent, but there is a need to exploit this talent for bigger football competitions. Rwanda football association should not relent its effort in developing young people into in. Cheap Jerseys China Wholesale Cheap NHL Jerseys China Cheap Soccer Jerseys China Cheap NHL Jerseys Wholesale Cheap Replica NFL Jerseys Cheap Authentic Soccer Jerseys Cheap Authentic College Jerseys Cheap Adidas NHL Jerseys Cheap Replica NFL Jerseys Wholesale Jerseys
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