Energy purchases "reduce" tariffs - Trump's strategy "forces" Asian countries to enter talks
Asian governments are looking to buy more American oil and gas as they try to reduce their trade surpluses with Washington. The countries hope this will help ease the burden of tariffs imposed by US President Donald Trump.
Many Asian countries have large trade surpluses with the United States and are also large energy importers.
But what measures are these countries planning to purchase American oil and gas?
INDONESIA
Indonesia will propose increasing imports of crude oil and liquefied petroleum gas (LPG) from the United States by about $10 billion as part of tariff negotiations.
The Ministry of Energy recommended increasing the LPG import quota for the US, as well as importing more US crude oil, to help achieve the target.
Pakistan
Pakistan is considering importing crude oil from the United States for the first time to offset a trade imbalance that prompted higher tariffs from the US, according to government sources.
The refinery's executive director said the aim is to purchase US crude oil equivalent to Pakistan's current imports of fuel and refined products, or about $1 billion worth of oil.
INDIA
India is considering a proposal to remove import duty on US liquefied natural gas (LNG) to boost purchases and help reduce its trade surplus with Washington, four government and industry sources said.
New Delhi also plans to remove taxes on imports of US ethane and liquefied petroleum gas (LPG).
The country's largest LNG importer, GAIL India Ltd, has opened a tender to acquire up to 26% stake in an LNG project in the United States, combined with a 15-year gas import agreement.
THAILAND
Thailand said it plans to import more US LNG and ethane over the next five years.
In addition to an existing plan to import 1 million metric tons per year of LNG worth $500 million next year, as part of a 15-year plan totaling 15 million tons, Thailand plans another contract for more than 1 million tons of US LNG over the next five years.
The country also plans to import 400,000 tons of US ethane worth $100 million over the next four years, the finance minister said.
ALASKA LNG
Trump wants Japan, South Korea and Taiwan to join the $44 billion natural gas export project in Alaska, part of Washington's push for trade and tariffs.
The project aims to transport gas south from far northern Alaska via a $44 billion, 1,300 km pipeline, to be transported as LNG to Japan, South Korea and Taiwan, bypassing the Panama Canal.
Poll
Greece, 10-15 satellites in space in two years - Aims to reduce dependence on other countries in this sector
Around 10 to 15 Greek satellites are expected to be launched into orbit over the next two years by the Ministry of Digital Governance, in collaboration with......
"Few people contribute to private pension" - AFSA: The growth of participants in this market remains a challenge
Although the private pension market has had a positive performance in 2024, increasing citizen participation remains a challenge for its further......
Tariffs, Fed remains on "hold" - US economic growth slows amid trade uncertainties
United States economic growth appears to be slowing, with consumer spending growing modestly and a rapid increase in imports to avoid tariffs expected to......
Super capacities of power plants - Approvals of projects to connect to the grid reach 3535 MW, ERE: Investments are needed
The number of power plants seeking to connect to the transmission network has increased significantly, with official data indicating tens of thousands of MW......
"In 4 years, 49 million services from e-Albania" - Rama: We are working on a European electronic ID
More than 95% of public services are online, accessible from any device and from any location, while the e-albania platform has become the gateway to state......
Trump "unites" Europe - How can the EU benefit from US policies?
A new strategic report predicts that US President Donald Trump's policies are exactly the medicine the European Union needs to become a single market and......
"We are subsidizing the medicinal plant sector" - Berisha: We will double the budget for agriculture
The leader of the Democratic Party, Sali Berisha, during a conversation with medicinal plant producers, promised subsidies for this sector. According to him,......
Tourist fee reinstated in Venice - Day visitors, 5 euros to enter the "floating city"
Venice's entrance fee will resume from April 18, with the main novelty this year being that last-minute day trippers will pay double. Last year, as part of......
