The Chinese sign non binding expressions of interest like this with lots of fanfare and previous little specificity, usually when they are trying to lever other suppliers the threat of a new player. These are the sort of announcements are usually the political products used by wind bags to impress fools. In this case, Walker is only fooling himself. 

Financing doesn’t make a project go, signed binding agreements from credit worthy partners committing to take the volumes of gas at prices sufficient to provide an adequate risk adjusted market return to cover the cost of construction and development are the only things that make a project like this viable. 

The Chinese are playing Walker for a sucker and wasting our money in the process.

Labels: moderation: toxicity, insult