Highbridge Energy Partners in Major Chinese Oil Terminal ProjectDecember 16, 2011 – In The News
Paul Edelberg discussed the partnership between Stamford-based Louis Dreyfus Highbridge Energy LLC and Chinese energy company Zhejiang Zhong Ao Energy Co. Ltd. to construct an oil and petrochemical import-export terminal in Zhoushan City, Liuheng Island.
Edelberg said Chinese businesses have a history of linking up with foreign companies to develop infrastructure projects. He attributed much of China's building boom to these partnerships.
"It sounds like this is a significant joint venture," he said, noting China's reliance on oil imports. "They consume more oil than they produce. They are huge consumers of oil, and they are looking for imports."