Trump, China and an LNG deal
The US president's trip to China yielded the promise of a new gas supply partnership. But the deal was heavy on fanfare and light on details
Among the headline announcements from President Donald Trump's first state visit to China was a non-binding memorandum of understanding for state-owned Sinopec, the Bank of China and China Investment Corporation, the sovereign wealth fund, to join the Alaska LNG megaproject. Details of the agreement were scant, probably because there aren't many details to share at this point. In a press release, Alaska Gasline Development Corporation (AGDC), the state government-backed company now leading the project, said "the parties have agreed to work cooperatively on liquefied natural gas marketing, financing, investment model and China content in Alaska LNG, and get a periodic result by 2018." The Chi
Also in this section
2 April 2026
Alongside a rapid continued build-out of renewables, China’s latest five-year plan stresses the value of domestic hydrocarbon production for energy security and calls for increased Russian gas imports
2 April 2026
The government is taking important steps to revive domestic production, lift investment and benefit from the geopolitical crisis even if more needs to be done in the longer term
1 April 2026
Golden Pass’s startup offers QatarEnergy a timely boost but may also force a difficult choice between honouring disrupted contracts and capitalising on soaring spot LNG prices
1 April 2026
It is not a case of if or when, but the length and magnitude of economic damage from elevated oil prices
