Bloomberg Talks US Energy Secretary Chris Wright Talks China Deal
Oct 30, 2025
Chris Wright, the U.S. Energy Secretary, dives into the potential for a groundbreaking energy deal with China following talks with President Trump. He discusses America's capability to fill gaps left by Russian energy exports and the importance of U.S. production. Wright also highlights upcoming efforts in Asia, focusing on nuclear partnerships and energy supply conversations with South Korea. Finally, he addresses the challenges of powering AI while managing electricity prices, emphasizing the need for better infrastructure and policy.
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U.S.-China Energy Complementarity
- The U.S. and China have large complementary roles: China as the biggest energy importer and the U.S. as a leading oil and gas producer.
- Alaska's underused reserves could supply Asia if production constraints are eased.
U.S. Capacity To Offset Russian Oil
- The U.S. produces about 50% more oil than Russia or Saudi Arabia, giving it capacity to replace significant Russian exports.
- Wright argues the world could absorb a large cut in Russian oil without destabilizing markets.
Engagement With South Korea And Asia Trip
- Wright says he has been in dialogues with Korean staff since taking office about supplying gas, oil, and nuclear tech to South Korea.
- He also said he may travel to Asia in a few weeks or sooner to follow up on these talks.