Reports: China Energy Sector— Opportunities and Challenges Coexist

Published: Wed Nov 16 2005 Reports: China Energy Sector— Opportunities and Challenges Coexist
Shell, BP plc, and Far East Energy Co. reveal their secrets to success in China.
POINT ROBERTS, Wash., November 16, 2005 - (CAS), an investor and industry news portal for the China-Asia sector reports on China’s heated energy market, with oil, coal and electricity sectors on the top of the list, bringing both challenges and opportunities to foreign investors. Far East Energy Corporation (OTCBB: FEEC) CFO Bruce Huff, Royal Dutch/Shell (NYSE: RDS-A) External Affair Director Nick Wood, and BP plc. (NYSE: BP) press officer David Nicholas provide insights on the current and future of the market and their experience to success. Foreign companies operating in China also include ConocoPhillips, Chevron, ESSO, Meiya Power Company Limited and AES Corp. Many companies such as Peabody Energy (NYSE: BTU), and Petroleos de Venezuela (PDVSA) are actively looking for opportunities in this sector. Reports: China Energy Sector - Opportunities and Challenges Coexist

Fei Wang reports for, and
November 2005

"We believe that Shell has skills and strengths that are helpful in developing China’s energy resources in a sustainable way, and we believe that Chinese companies have their own operational strengths as well as unparalleled experience of operating in China. We believe that in many cases, by combining those strengths you can create a partnership that is stronger than either partner going forward alone on a project.", said Nick Wood, Shell External Affair Director in China market (NYSE: RDS-A).

Bruce Huff, CFO for Far East Energy Corporation (OTCBB: FEEC), said," Obviously, the expansion is incredible and shows no signs of a let up for the near term future. We are very bullish on the future of the gas market in China and are very pleased to see the development of a more sophisticated gas market over the past couple of years."

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