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
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
