INTERNATIONAL
Trump says China to begin process of purchasing 'American energy'
US President Donald Trump with US Secretary of State Marco Rubio and US Secretary of Commerce Howard Lutnick, attend bilateral meeting with Chinese President Xi Jinping, Chinese Foreign Minister Wang Yi, in Busan, South Korea, Oct 30, 2025. - REUTERS
U.S. President Donald Trump said on Thursday that China has agreed to begin the process of purchasing U.S. energy.
AI Brief
"In fact, a very large scale transaction may take place concerning the purchase of Oil and Gas from the Great State of Alaska. Chris Wright, Doug Burgum, and our respective Energy teams will be meeting to see if such an Energy Deal can be worked out," Trump said in a Truth Social post.
China has stayed away from importing U.S. crude oil and has been reselling U.S. liquefied natural gas since early this year as Beijing's high tariffs made the purchases unviable.
The U.S. accounted for about 5% of China's LNG imports and 2% of China's crude oil imports last year, Chinese customs data showed.
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AI Brief
- Trump announced a possible large energy deal involving oil and gas from Alaska, with talks led by US and Chinese energy teams.
- China has avoided US crude oil imports and resold liquefied natural gas due to high tariffs making purchases unviable.
- US energy exports to China remain low, accounting for only a small share of China's total oil and LNG imports last year.
"In fact, a very large scale transaction may take place concerning the purchase of Oil and Gas from the Great State of Alaska. Chris Wright, Doug Burgum, and our respective Energy teams will be meeting to see if such an Energy Deal can be worked out," Trump said in a Truth Social post.
China has stayed away from importing U.S. crude oil and has been reselling U.S. liquefied natural gas since early this year as Beijing's high tariffs made the purchases unviable.
The U.S. accounted for about 5% of China's LNG imports and 2% of China's crude oil imports last year, Chinese customs data showed.