Trump claims China could finance Alaska oil and gas projects

Donald Trump, who has repeatedly claimed there is a Japanese joint venture to build the Alaska LNG pipeline, claimed Thursday that China might get in on the act.

"A very large scale transaction may take place concerning the purchase of oil and gas from the great state of Alaska,” Trump claimed on his social media site.

From Bloomberg:

US President Donald Trump said China would purchase more US energy as part of a wider trade truce, and hinted at an unspecified “very large scale” transaction involving Alaskan oil and gas.

Writing on Truth Social after talks with Chinese counterpart Xi Jinping on Thursday, Trump said officials from both nations’ energy teams, including US Energy Secretary Chris Wright and Interior Secretary Doug Burgum, would be meeting to work out the specifics of a deal. He provided no further detail.

This comers after Howard Lutnick, Trump’s commerce secretary, claimed Korea would provide $200 billion in cash to Trump, who would use some of it to build the Alaska pipeline.

None of these claims should be believed until money changes hands.