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Asian Nations Ramp Up U.S. Energy Imports as Tariff Talks Loom

Thailand and South Korea finalize energy purchase plans, while negotiations on trade and the Alaska LNG project are set to begin next week.

Model of LNG tanker is seen in front of the U.S. flag in this illustration taken May 19, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
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Foreign Minister Cho Tae-yul (L) shakes hands with Vietnamese Prime Minister Pham Minh Chinh as they meet in Hanoi on April 16, 2025, in this EPA photo. (PHOTO NOT FOR SALE) (Yonhap)

Overview

  • Thailand has committed to importing over 1 million additional tonnes of U.S. LNG worth $600 million and 400,000 tonnes of ethane worth $100 million over the next five years.
  • South Korea plans to leverage LNG purchases and its shipbuilding sector as key negotiating tools in upcoming tariff discussions with the United States.
  • The U.S. seeks investments from South Korea, Japan, and Taiwan in the $44 billion Alaska LNG project, positioning it as a central element of trade and energy talks.
  • Trade negotiations under the 90-day tariff suspension period will begin next week, with South Korea recognized as a high-priority partner by the U.S. Treasury.
  • Asian countries, including Thailand, South Korea, and Indonesia, are pledging increased U.S. energy imports to reduce trade surpluses and seek tariff relief.