China’s Energy Market Presents Unprecedented Opportunities Following Recent Market and Legal Developments

As the world’s second-largest energy consumer after the United States, China’s energy sector accounted for half of worldwide growth in energy consumption last year.

According to Pamir Law Group Managing Partner Nicholas V. Chen, China’s energy sector is expected to virtually explode with growth in the next several years.

In a presentation given at a Cape Town, South Africa meeting of TerraLex, a global network of more than 158 top independent law firms and 15,000 attorneys in nearly 100 countries and more than 40 States in the US, Nick explained that while China has four times the US population, energy consumption in China for 2007 was less than three-quarters of US consumption.

He also noted there are numerous opportunities for foreign participation in China’s energy sector, especially regarding the development of clean technologies, renewable energy resources and cleaning up traditional energy producers.

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