Asian countries are considering buying more US oil and gas to satisfy Trump

Asian countries that consume fossil fuels are seeking the speeches of new US President Donald Trump by increasing the import of oil and natural gas from the United States. The populist leader has threatened to be elected by laying on customs duties on a number of countries that have a trade surplus with the United States, which has resulted in policy makers in South Korea, Taiwan and Vietnam, as well as the European Union, to buy and export more energy from the United States. Read more: A judicial order suspends the prohibition of liquid gas export licenses in America, says Sol Cavonica, an Australian research analyst “MST Marquee”: “Commercial partners believe that the purchase of US natural gas contributes to negotiations related to customs tariffs with the Trump administration.” He added: “We saw a remarkable and rapid shift after purchasing US supplies since Trump won the election.” This trend allows Trump, whose voters promised a strong shift to the refocus on fossil fuels to expand the US export of natural gas to exceed the previously planned increase that will double by 2030, in addition to US project developers an advantage over competitors. Trump’s support for the oil and gas manufacturer is expected to make orders to encourage changes to encourage oil and gas development in the United States immediately after its inauguration Monday. Read more: It is the most prominent Trump’s upcoming decisions to cancel his predecessor Biden’s policy. This may include the cancellation of the ban imposed by Joe Biden to issue new licenses for LNG export projects- a policy that reduced the number of new agreements to execute gas from 38 agreements in 2022 to seven agreements last year, according to data “Bloomberg in NF”. Kyushu Electric Power, who is responsible for electricity production in the Japanese Kyushu region, said that an increased production of liquid natural gas from the United States is ‘bright news’ for the public utility industry as it can lead to price stability. Buyers have experienced fluctuations in gas prices since the war in Ukraine began in 2022. In countries such as Japan and Thailand, buyers have renewed talks with US projects to carry out LNG over the past few months, according to traders who participated in the negotiations, adding that they are eager to terminate the transactions with the United States if the price is appropriate. Read more: The Biden Administration warns Trump against raising gas exports after these reasons. Last year, the United States directed about half of its liquid natural gas exports to Europe, according to data collected by Bloomberg. The loss of gas flows at the beginning of the year by Russian pipes is that the continent can also use US supplies to fill this void. Trump’s threat of imposing customs duties last month warned the European Union that its goods will be subjected to US Customs duties if member states no longer buy crude oil products and natural gas produced or issued by the United States. DTEK, the largest special energy institution in Ukraine, said last month that he is aimed at ensuring the import of solid supplies of US LNG to Ukraine. “The current administration has supported the offer of gas to Europe. We believe that the upcoming administration will continue this trend at a more active rate,” says Dolls Sakharok, CEO of D.Trading. The market is unlikely to see immediate effect. Mercy cannot easily increase their purchases from the United States over the next few years, as much of the country’s current production has already been linked to long -term contracts. Read more: Egypt is one of the endangered. Europe ignites a global race on natural gas instead, says traders negotiating with US exporters that they are studying a large billion dollars offer, as the proposed US projects that take years to develop will not start without concluding these contracts. Even the LNG project in Alaska, which has long been delayed and planned for more than ten years, is likely to move forward under the Trump administration. The new US administration is also expected to use the country’s dominance in the LNG sector to achieve profits in other areas, as in a commercial war that escalates with its rival China. Gas exports … A US printing card, Marco Rubio, selected by Trump, said he took over the position of the US Secretary of State that LNG should be used as a ‘printing card’ in negotiations with China, which leads the list of liquid natural gas importers. It seems that the threats began to take their fruits. Read more: Europe is considering relying on US gas as an alternative to Russian supplies. Ursula von der Line, president of the European Commission, discusses the export of liquid natural gas with Trump after his victory in the election during November, saying that US fuel could help to compensate the Russian charges that are still strong for Europe. “All countries are talking about how to reduce the growing trade deficit under Trump’s management. Everyone says they want to buy for US energy,” Minister of Trade, Industry and Energy in South Korea, Ann Duk-Gion, said Thursday.