Trump Announces China’s Increased U.S. Energy Purchases, Highlights Alaska LNG Project

President Donald TRUMP revealed that China has committed to boosting its energy imports from the U.S., with a focus on a major oil and gas deal in Alaska. While specifics remain undisclosed, U.S. officials, including Energy Secretary Chris Wright and Interior Secretary Doug Burgum, are set to meet with Chinese counterparts to finalize details. The move aligns with a broader trade truce between the two nations.

The long-stalled $44 billion Alaska LNG project, championed by Trump, may see renewed momentum as Washington courts Chinese investment. Despite preliminary agreements with Chinese state-owned firms like Sinopec in 2017, the project has yet to materialize. Buyers in Taiwan and Japan have already signed early-stage deals, but binding commitments remain elusive.

China's energy strategy faces complexity as its oil companies halt Russian crude purchases amid sanctions. Balancing relations with Moscow against protecting domestic firms, Chinese companies appear less concerned about potential U.S. blacklisting. However, non-compliance with upcoming deadlines could carry significant risks.