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Global Demand for American LNG Rises Amid Tariff Threats

Countries and companies around the world are increasingly investing in U.S. liquefied natural gas projects to avoid tariffs imposed by the Trump administration.

By Max Bearak, Rebecca F. Elliott and Brad PlumerSource: nytimes.com1 min read
Global Demand for American LNG Rises Amid Tariff Threats
Image via nytimes.com

In brief

With the threat of tariffs looming under President Trump's administration, nations worldwide are making significant investments in American liquefied natural gas (LNG) projects. Executives from major energy companies highlighted at a recent conference that countries seek to balance trade and demonstrate cooperation with the U.S. This trend includes multi-billion dollar investments and exploratory projects aimed at enhancing the supply of American gas internationally.

American gas exports are gaining traction globally as countries respond to President Trump’s tariff warnings. At a recent energy conference in Houston, it was revealed that nations facing trade imbalances with the U.S. are eager to invest in liquefied natural gas (LNG) from America. Meg O’Neill, CEO of Woodside Energy, noted that nations are acting quickly to alleviate trade tensions, signing deals to demonstrate to the Trump administration their commitment to addressing trade concerns. Since Trump's presidency began, global oil and gas companies have shown interest in pouring substantial investments into U.S. liquid natural gas projects. Recent discussions involved Japanese, Taiwanese, and Korean corporations reviving a long-challenged $44 billion initiative to create pipelines and an extensive gas terminal in Alaska. Additionally, Ukraine is expressing interest in increased American gas purchases to ensure support from Washington, while South Africa seeks expanded drilling rights for U.S. firms, amid stalled aid negotiations with the Trump administration.As these developments unfold, it appears that Trump's regulatory rollbacks in favor of fossil fuel production are drawing international attention, leading to enhanced export potentials for the American LNG sector.

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