POLITICO Energy Is Trump’s natural gas deal with China…real?
Oct 31, 2025
POLITICO reporter James Bikales delves into President Trump's announcement about China's interest in U.S. natural gas, specifically focusing on a $44 billion LNG project in Alaska. He analyzes the project's decade-long stagnation and why it’s suddenly in the spotlight. Skepticism from Republicans emerges, raising questions about China's potential role as a buyer or investor. The discussion provides insight into U.S.-China energy dynamics and highlights the political implications of long-term contracts, making it a compelling listen.
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China's Interest Is Reported, Not Confirmed
- China reportedly expressed interest in buying U.S. oil and natural gas after Trump’s meeting with Xi.
- China has not yet confirmed interest specifically in the Alaska LNG project, so the claim remains unverified.
Massive Project Needs Binding Customers
- The Alaska LNG project is a $44 billion plan with an 800-mile pipeline and export terminal requiring long-term supply contracts.
- Developers have struggled to secure binding off-take deals, leaving the project's future uncertain despite administration support.
Pipeline Plus Terminal, But Economics Depend On Contracts
- The project combines an 800-mile pipeline from Alaska's North Slope with a coastal export terminal.
- Its economics hinge on long-term contracts, and recent deals with Japan have been non-binding, keeping progress slow.