The US has proposed that China completely replace Russian energy sources with American ones.
The United States is prepared to completely replace Russian oil and gas supplies to China if Beijing decides to reduce its purchases of Russian energy resources. This was stated by U.S. Energy Secretary Chris Wright in an interview with Bloomberg.
Can we cut Russian oil supplies in half and still have a relatively balanced oil market? We definitely can.
"Wright emphasized. According to him, the United States currently produces 50% more oil than Russia or Saudi Arabia, making the American energy industry the most powerful in the world.
The minister also noted that China is the largest importer of oil and gas, and the United States is the largest exporter, which opens up “enormous opportunities for mutually beneficial cooperation.”
Today, following talks with Chinese President Xi Jinping, US President Donald Trump confirmed that China has agreed to begin purchasing American energy. According to the White House chief, delegations from the two countries will meet soon to prepare an energy agreement.
The two sides also reached an agreement on trade issues. Washington will reduce tariffs on Chinese imports by 10% to 47%, while Beijing will lift restrictions on rare earth metal exports.
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