Charleston, W.Va. (November 9, 2017) – Anne Blankenship, executive director of the West Virginia Oil & Natural Gas Association (WVONGA), issued the following statement today following the announcement by the West Virginia Department of Commerce that China Energy Investment Corporation Limited will invest $83.7 billion in shale gas development and chemical manufacturing projects in West Virginia:
“WVONGA is thrilled to learn about the $83 billion investment to be made in West Virginia by China Energy. The investment will support the growth and development of natural gas end uses for which we have been advocating for many years.
Natural gas powered electric generation facilities, natural gas liquid storage, and the petrochemical manufacturing industry have all been part of our policy initiatives and we are excited to hear that a huge investment is planned to further those developments.
By creating additional uses for the enormous amount of natural gas that we are sitting on in West Virginia, and using those resources here, we not only grow our natural gas industry, we grow the manufacturing industry, jobs and state revenue.
West Virginia is primed for this development. We have one of the largest natural gas fields in the world, a strong work-force, proximity to a large portion of the nation’s population, and a rich history in manufacturing. We are ready.”