Chinese enterprises to enter the North American energy market, seeking to achieve a win-win

A few years ago, Chinese enterprises are still almost completely blocked the energy industry in North America outside the gate. Today, with strong capital strength and ingenious joint strategy, a number of Chinese energy companies have successfully entered the North American market.
Beginning of 2012, China Petroleum & Chemical Corporation (Sinopec) and the United States Devon Energy Corporation signed a $ 2.5 billion contract to obtain the latter third of the  shale gas  in the United States interest in the assets. China National Petroleum Corporation (CNPC) has also recently announced the acquisition of Royal Dutch Shell Oil Company held Canadian shale oil and gas assets 20% stake. Earlier, China National Offshore Oil Corporation (CNOOC) in 2010 and in 2011 purchased the U.S. Chesapeake Energy Corporation shares many of  shale gas  fields.
U.S. market research firm Dealogic data show that as of March 5, Chinese companies this year, the North American oil and gas industry M & A volume has reached $ 4.2 billion, in 2010 and 2011 annual M & A volume are more than six billion U.S. dollars, while in 2005 and 2006 is zero.
Kendo Heritage Foundation researcher told Xinhua News Agency reporter Shi, Chinese enterprises main advantage is the capital strength. However, due to the energy industry is a strategic sensitivity, the United States has always been foreign investment in the sector has strictly regulated.