China could pour more than $100 billion into U.S. energy projects in the coming years under two of the deals.
One is an $84 billion plan from state-owned China Energy Investment Corp. to invest in shale gas and chemical manufacturing projects in West Virginia. That comes with a couple of caveats, though. It's spread out over 20 years and the deal is only a memorandum of understanding rather than a finalized contract.
Another plan aims to invest as much as $43 billion in Alaska's energy sector. China Petroleum & Chemical Corp., better known as Sinopec ( ), and the Alaskan government will jointly develop the state's liquified natural gas industry. Alaska says the agreement will create up to 12,000 jobs.