APEC Is Important Part of Trade Agenda, US Diplomat Says

US diplomat frames the fragile US-China truce as a vehicle for a major commercial push into APEC. The core play: position US LNG/crude as the 'reliable' alternative to Russia/ME. The touted US-China consensus on Iran/Hormuz is a jawboning exercise to de-risk Mideast supply chains and lock in Asian demand for American energy exports. This underpins a medium-term bullish view on US energy export volumes and related assets.

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U.S. State Department 6.2
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Casey Mace 7.0

APEC Is Important Part of Trade Agenda, US Diplomat Says

energy

What is the opportunity between US and China when China hosts APEC and US hosts G20? Is the US extending a fragile truce?

Host (speaker2)
U.S. Official (speaker1)

Last week's meeting outcomes were very positive. We are building on that momentum for APEC and G20. President Xi agreed to visit the US in September to continue working on bilateral issues and promote American business exports to China and the region.

The APEC market is $1.5 trillion for the US. We exported over $1 trillion in goods and nearly $500 billion in services to APEC economies last year. Digital and AI opportunities are enormous.
What do you say to trading partners facing oil price shock, inflation, and supply chain disruptions exacerbated by Middle East issues?

Host (speaker2)
U.S. Official (speaker1)

Another big outcome from last week: President Xi and President Trump agreed Iran shouldn't have a nuclear weapon, the Strait of Hormuz should be reopened, and Iran shouldn't traffic through it. These are critical to restoring energy supply chain fluidity.

Energy security is a long-standing APEC topic. Promoting American energy exports is a priority. The region needs to diversify energy supplies for resilience. The US has great energy exports to offer.
LNG imports from America dwindled after tariff barrage. Are you hopeful LNG exports to China can resume?

Host (speaker2)
U.S. Official (speaker1)

Partners in the region are making more commitments to buy American LNG and crude oil because they see us as a reliable and affordable supplier.

The US is the largest LNG exporter. China is looking at alternatives like Power of Siberia 2 with Russia, but the region sees us as reliable.

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