April 17, 2025 – DailyForex.pk
Amid rising tariff pressures from the Trump administration, several Asian countries are moving quickly to increase energy imports from the United States in an effort to reduce their trade surpluses and soften the blow of potential duties.
The shift marks a significant strategic pivot, especially as Asia remains a major energy-consuming region, and many of these countries run large trade surpluses with Washington—putting them directly in the crosshairs of U.S. tariff policy.
Indonesia’s Energy Minister Bahlil Lahadalia revealed plans to raise U.S. crude oil and LPG imports by around $10 billion. This move, he said, is aimed at helping offset the country’s trade imbalance with the U.S. during ongoing tariff negotiations.
The proposal includes increasing the LPG import quota from the U.S. and securing more crude oil imports, a strategy expected to form a core part of Indonesia’s future trade talks with Washington.
For the first time, Pakistan is evaluating importing U.S. crude oil, a significant shift from its current energy sourcing strategy. According to a senior government source and a refinery executive, the aim is to purchase about $1 billion worth of U.S. oil, mirroring the country’s existing oil and refined product imports.
The move is seen as an attempt to ease the trade imbalance that contributed to higher U.S. tariffs on Pakistani exports.
India is exploring the possibility of eliminating import taxes on U.S. liquefied natural gas (LNG), ethane, and LPG in a bid to increase energy imports and reduce trade tensions with the U.S.
According to four industry and government insiders, GAIL India Ltd—the country’s top LNG buyer—is already planning a stake acquisition in a U.S.-based LNG project, paired with a 15-year gas import deal.
This approach aligns with India’s broader efforts to balance its trade account and build strategic energy partnerships with the United States.
Thailand has committed to significant increases in LNG and ethane imports from the U.S. over the next five years. According to the finance ministry:
This long-term strategy aims to secure energy stability while strengthening economic ties with Washington.
The U.S. is promoting its $44 billion Alaska LNG project as a key solution for balancing trade deficits with major Asian economies. The project envisions transporting natural gas via a 1,300-km pipeline from northern Alaska to the Pacific coast, allowing exports to Japan, South Korea, and Taiwan—without relying on the Panama Canal.
As tariff threats reshape global trade flows, Asian nations are embracing U.S. oil, LNG, and LPG to reduce trade surpluses and shield their economies. With energy imports emerging as a diplomatic lever, countries like Pakistan, India, Indonesia, and Thailand are deepening their engagement with U.S. energy markets—offering a new dynamic in global economic strategy.
📊 For more updates on energy trade, tariff negotiations, and forex market implications, visit www.dailyforex.pk – your trusted source for global economic news.
Hungary backs Pakistan’s GSP+ extension beyond 2027, boosting trade, job creation, and global economic confidence.
Fibonacci retracement levels don’t always predict price moves. Learn why they can fail and how…
Pakistan’s textile exports hit $13.6B in 9 months, rising 9.38% amid global trade shifts and…
PSX ends higher as investor confidence grows on strong economic indicators and positive sentiment across…
Check USD to PKR closing exchange rate for April 18, 2025. Get updated interbank and…
Check gold closing rates in Pakistan for April 18, 2025. Get updated 24K and 22K…