9 April | Gas

Asian buyers turn to US LNG to avoid potential Trump tariff pressure

Asian buyers turn to US LNG to avoid potential Trump tariff pressure

Asian nations, including South Korea, Indonesia, Thailand, and Japan, are increasing imports of US liquefied natural gas (LNG). The move aims to reduce their trade surpluses with America and mitigate the impact of reciprocal tariffs imposed by the Trump administration.

Indonesian President-elect Prabowo Subianto announced Tuesday that the country plans to increase purchases of US goods, including LNG. Thailand is also evaluating expanded imports, while Donald Trump confirmed talks about "large-scale" energy purchases with South Korean officials.

Meanwhile, Japan, South Korea, and Taiwan are exploring potential investments in a long-delayed $44 billion Alaskan LNG export project. US Treasury Secretary Scott Bessent stated the project's implementation would help reduce America's trade deficit.

LNG has emerged as a strategic tool for rebalancing trade relations, with the US maintaining its position as the world's top supplier of the fuel.

Against the background of increased interest in American gas from countries in the region, China adopted the opposite position. Imposing retaliatory tariffs, Beijing redirected contracted supplies from the US to Europe and other Asian nations, according to Bloomberg.

Elena Dorohina MarketCheese
Period: 01.05.2025 Expectation: 1000 pips
GBPUSD to test level of 1.34 again
Yesterday at 10:58 AM 43
Brent sell
Period: 01.05.2025 Expectation: 660 pips
Trade uncertainty and excess OPEC+ supply are dragging down Brent
Yesterday at 08:49 AM 35
Period: 29.04.2025 Expectation: 600 pips
USDCAD to head towards 1.39400 after rebounding from 1.38200
Yesterday at 07:48 AM 28
Period: 02.05.2025 Expectation: 1669 pips
AUDCAD gains on potential easing of trade tensions between US and China
Yesterday at 07:02 AM 26
Period: 30.04.2025 Expectation: 12000 pips
ETHUSD set to test upper boundary of downtrend channel
24 April 2025 74
Period: 25.04.2025 Expectation: 500 pips
AUDUSD to fall to 0.63000
24 April 2025 42
Go to forecasts