Tag Archives: LNG

Asias clean energy future at risk as nations rush to sign US gas deals to dodge tariffs

Asias clean energy future at risk as nations rush to sign US gas deals to dodge tariffs

Asia’s clean-energy ambitions are expected to face risks as nations look to sign gas supply deals with the United States to readjust trade balances amid the spectre of American tariffs. Japan and South Korea are considering investing in a long-delayed US$44 billion liquefied natural gas (LNG) export project in Alaska backed by US President Donald Trump , while Bangladesh, India, Vietnam and the Philippines are likely to strike US LNG deals, according to observers. Asia is the most exposed region globally to the risk of fossil fuel dependency that strains budgets and adds carbon emissions, according to a report by energy think tank Ember. About a quarter of the world’s countries spent more than 5 per cent of their gross domestic product on annual fossil imports in 2022. Rapidly improving