US and Japan poised ‘to form LNG joint venture’
US President Donald Trump said the country is close to forming an LNG joint venture with Japan as part of a wide-ranging trade deal that could see $550bn flow into the US.
Although the specifics are yet to be confirmed, the geographic and economic logic substantially involves the $44bn Alaska LNG project, for which the US is keen to secure Asian buyers.
The President said, “This deal will create hundreds of thousands of jobs … Japan will open their country to trade including cars and trucks, rice and certain other agricultural products, and other things.”
He added that Japan would pay reciprocal tariffs to the US of 15%.
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