Surprise!!! Nations Pinched By Trump's Excellent Adventure In Iran Not Interested In Buying American Energy Exports

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For American producers, the timing is awkward. While existing LNG export terminals are running near full capacity, largely insulated by long-term contracts, the next wave of projects depends heavily on demand growth in precisely the countries that are reconsidering their commitment. In some cases, Asian governments are intervening directly, forcing reductions in energy use to preserve limited supplies, and working to fast-track clean energy projects.

In the Philippines, officials are rushing to bring more than a gigawatt of solar capacity online within weeks while advancing a massive solar-and-battery installation designed to reduce reliance on gas-fired power. Vietnam has signed a deal to develop a new nuclear power plant, reviving a program it had abandoned years ago, while expanding offshore wind. Indonesia is accelerating a major hydropower project to power its industrial sector. It is also exploring small modular nuclear reactors as an alternative to gas plants.

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New Zealand’s plan to build an import terminal for gas — launched last year on the promise it would boost energy security — is now in question as leaders there reconsider whether it makes financial sense. “If it’s not ​an attractive commercial case, we won’t be doing it,” Prime Minister Christopher Luxon said last week on Radio New Zealand. In South Korea, which is one of the world’s largest importers of LNG, President Lee Jae Myung late last month launched a campaign to speed up the country’s shift away from imported fossil fuels and toward more renewables, which includes aggressive targets for clean power projects. China, long considered a robust and growing market for U.S. LNG, cut off its imports last year amid the two countries’ trade war. It has since boosted its domestic production. Even in the tight market, it has an overabundance of supply and is now reselling to other nations the fuel from U.S. shipments that China contracted before the trade war.

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Some of them expressed those concerns during S&P Global’s recent CERAWeek conference of more than 10,000 energy executives in Houston. Among the takeaways, S&P wrote in a public memo published last Friday: “This latest shock to the global LNG supply could permanently change global consumption to other energy sources. … Should regional public policies shift away from natural gas and toward coal or renewables, Asia LNG demand growth may not resurge even under sequentially lower natural gas prices.”

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https://www.washingtonpost.com/business/2026/04/10/fossil-fuel-imports-iran-war/

https://wapo.st/4dH3LqC