President Donald Trump has proposed a potential pathway for trade partners to avoid higher tariffs by buying more energy from the U.S. The country is the largest oil and gas producer in the world and the largest liquefied natural gas exporter.
The U.S. is seeking to boost its LNG exports, with a focus on developing Alaska’s resources, and has proposed the Alaska LNG project, which would transport natural gas from the state’s North Slope to a liquefaction facility for export to Asia, in an effort to reduce the trade deficit and achieve energy dominance.