(…) Memos obtained by Just the News from the Hudson West III LLC partnership that presidential son Hunter Biden operated with a prominent Chinese business executive named Gongwen Dong show the Biden family pursued at least 21 major deals in 2017 and 2018 for Chinese interests seeking U.S. energy assets, including liquified natural gas export terminals, LNG trade deals, drilling exploration firms, pipelines and other key energy assets.
Many of the deals targeted assets in the oil-rich Gulf Coast, including Louisiana, and aimed to help an energy-hungry China gain access to U.S. oil and gas, according to a summary memo of the 21 deals. Just the News found the memo on a Hunter Biden laptop turned over to the FBI in 2019 and corroborated its authenticity with a Biden business associate directly familiar with the deals and memos.
“Discussed both oil and LNG trading/exporting opportunities,” one memo sent to Hunter Biden read. “Our team was more interested in pursuing the LNG spread trading opportunities, due to the timing of upcoming winter peak usage season and the spiking natural gas price in China.”
That LNG deal and others like it never went forward, but Hunter Biden’s team chose to pivot in 2018 to other oil and gas deals, ranging from pipelines to drilling assets, the memo shows.
“Explore U.S. natural gas industry midstream investment opportunities (including natural gas pipeline projects with international and U.S.-based financial institutions),” the memo recommended as one of the 2018 opportunities.
Another goal, the memo stated: “Explore potential investment opportunities in the petrochemical and energy production space.”
The Hudson West III opportunities memo stated it was seeking to acquire interests in some drilling and exploration companies, like Noble Energy’s parent firm, that had fallen on hard times when oil and gas prices plummeted during the Trump administration. “Explore potential investment opportunity in distressed international energy company affiliates (for example, the Noble Group and affiliates),” the memo read.
The Hunter Biden-connected firm also dabbled with the notion of getting better prices by targeting minority-owned energy firms that got preferential treatment in some markets. The “model involves the support and nurturing of minority business and commodity brokers” and the benefit would be to “gain further discount and better service terms from its oil major partners,” the strategy memo stated.
According to evidence released by Republican Sens. Charles Grassley and Ron Johnson and Rep. James Comer (R-Ky.), Hudson West III’s goal was to find deals to benefit its primary partner in Beijing, CEFC, the Chinese energy giant led by Chinese businessman Ye Jianming, whom Hunter Biden met back in 2015. (Read more: Just the News, 9/22/2022) (Archive)
(…) But there’s more… Representative Comer says he has two new whistleblowers that [who] worked with Hunter and [they] are ready to expose it all when the Republicans take control of Congress.
Rep. James Comer: I have two whistleblowers. And I am confident they are going to come through in a Republican majority when I conduct the hearings and I have the gavel for oversight. To tell us in detail what their objectives were. And these people were associated with Hunter Biden. And the ultimate goal and the Bidens knew it was for China to start taking ownership in all the different parts in the natural gas industry in the United States… They actually take control of the drillers.