Trump, Ishiba Discuss Alaska LNG

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Alaska LNG proposal

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Japanese premier Shigeru Ishiba

Reuters

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World

Trump seeks to reshape Asia's energy supplies with US gas

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President Trump and his energy tsar framed the venture as a way for Japan to replace Middle East energy shipments and address its trade imbalance with the U.S. , two officials say.

Japan 's participation in the emerging strategy would be critical: It is the world's No.2 LNG buyer, a major investor in energy infrastructure and a trading hub with a glut of LNG .

Project developers are trying to court investment from firms such as Inpex , a Tokyo -listed oil and gas exploration company whose largest stakeholder is the Japanese government.

Japan obtains around one-tenth of its LNG from the U.S. , and similar proportions from Russia and the Middle East .

LNG is largely shipped to Japan from the Gulf of Mexico , via the Panama Canal or the long way around past Africa and through the Indian Ocean .

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