Tundra Oil and Exploration Are Well Placed to Take Advantage of Upturn of Foreign Investment

WINNIPEG, Manitoba - June 12, 2018 - PRLog -- The team at Tundra have taken great confidence in the fact that it seems that Trump's tariffs cannot deter Chinese investment in the American energy sector. This is even in light of the problematic trade talks between Beijing and Washington last year and the mounting concerns that China would halt its journey forward with sourcing fuel from the U.S. in the form of shale oil imports and LNG (Liquefied Natural Gas).

The biggest winner from this thus far is AGDC (Alaska Gasline Development Corp.), with Goldman Sachs and the Bank of China agreeing to act as the global coordinators for the Alaska LNG project. AGCD is state-owned and became the sole remaining project partner after BP, ConocoPhillips and ExxonMobil pulled out of the project during 2016.

Keith Meyer, the president of AGDC, said in a statement. "Bank of China and Goldman Sachs are well positioned to provide AGDC with world-class institutional knowledge and resources required to arrange the equity and debt financing to build Alaska's natural gas infrastructure and LNG export project."

During Trump's trade mission to Beijing in November of 2017, AGDC signed an informal agreement with Chinese state-owned oil major Sinopec Group and the Bank of China to advance discussions on the potential of LNG in Alaska. These are now in full swing.

HSBC stated in a report released last month that it expects the global demand for LNG to grow at a rate of 4.5 percent per year, which translates to a growth in demand of 50% by 2025, with consumption reaching 425 million mt/year from last year's level of around 280 million mt.

We can foresee the investing continuing and we estimate that China could pour in, in excess of $100 billion into U.S. energy projects in the coming years under two of the deals.

One is a plan that aims to invest in the region of $43 billion within Alaska's energy sector. Sinopec (SHI)/China Petroleum & Chemical Corp. and the Alaskan government will develop the states LNG industry.

The other is an $84 billion plan state-owned China Energy Investment Corp. to invest in shale gas and chemical manufacturing projects in West Virginia. It is important to note that in this instance this comes with a couple of caveats. It is set across the next 2 decades and is only a memorandum of understanding at this point.

Our analysts and the company as a whole are very happy regarding the strength of the marketplace currently and the positive impact these types of factors are having on the energy industry globally. We are very much moving forward with a confident stride towards our listing in the next 3 months and the positive impact the additional capital will have on our business.

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