200
the coal, oil and gas, electricity, and auto sectors. The administration enthusiastically
supported fossil fuels and revealed its intention to establish balance between both
supporting oil and gas production implicitly and directing its policies toward climate
change and the development and placement of low-carbon energy technologies
(U.S. LNG into Europe after the Trump-Juncker Agreement https://www.csis.org/
analysis/us-lng-europe-after-trump-juncker-agreement 2018).
The newly emerging status of the US as an energy superpower provides the new
US Administration and the American natural gas industry with various opportunities.
The boost in LNG trade has contributed to the development of a new and progressively global market, making gas, which was formerly a localized resource that was
difficult to transport, a liquid global commodity. The factors that play a role in the
demand for American LNG in other countries are primarily commercial concerns
such as price and shipping costs. In addition, the sufficiency of infrastructure,
opportunities in financing, and seasonal factors have an impact on demands for
American LNG as well. Finally, political considerations could also play a role,
especially in areas where diversity in gas imports is of importance for energy security. In fact, politics did play a significant role in the initial years of the LNG industry
(https://www.atlanticcouncil.org/blogs/energysource/us-foreign-policy-andeuro-caspian-energy-security-the-time-is-now-to-build-the-trans-caspian-pipeline/
2017). According to many economists, due to new developments in the oil market,
such as increased production and reduced demand, as well as the entry of the United
States into the market as an oil exporter, US seeks to exercise management in oil
markets to maintain its favorable market price. Increase your oil exports. Based on
the US policies in recent years, it can be claimed that the country is trying to reduce
oil exports from other countries by means of sanctions as well as controlled chaos
in order to provide new markets for its oil (www.ettelaat.com 2020). These analysts
are analyzing the oil embargo on Iran and Venezuela, as well as the crisis in oilexporting countries such as the crisis in Qatar. Although Syria does not have a large
share of the oil market, US dominance in these resources could be a good incentive
for the continuation of this US policy. US regional allies’ pressure to maintain presence in Syria: Given the growing strength of the Islamic Republic-led resistance in
West Asia, the United States’ regional ally is seeking an active US presence in
regional affairs (www.investopedia.com 2020a, b).
The presence of American LNG could have weakened, but this does not mean
that it is out of the picture. The downturn in capital investments in energy projects
is adversely affecting several gas production basins in other countries. To illustrate,
in the eastern Mediterranean Sea, export alternatives to boost Israel’s gas exports
have been wasted. This partly derived from the fact that a major potential importer
of Israel gas, the Egyptian LNG production plant, was closed. Another example is
the multinational companies that are drill offshore of Cyprus. They have also had to
halt their activities. In contrast, Turkey has plans to start offshore drilling soon. In
brief, there have been significant changes in the dynamics of Eastern Mediterranean
gas (www.fdd.org 2020a, b, c).
6 Trump Energy Diplomacy
the coal, oil and gas, electricity, and auto sectors. The administration enthusiastically
supported fossil fuels and revealed its intention to establish balance between both
supporting oil and gas production implicitly and directing its policies toward climate
change and the development and placement of low-carbon energy technologies
(U.S. LNG into Europe after the Trump-Juncker Agreement https://www.csis.org/
analysis/us-lng-europe-after-trump-juncker-agreement 2018).
The newly emerging status of the US as an energy superpower provides the new
US Administration and the American natural gas industry with various opportunities.
The boost in LNG trade has contributed to the development of a new and progressively global market, making gas, which was formerly a localized resource that was
difficult to transport, a liquid global commodity. The factors that play a role in the
demand for American LNG in other countries are primarily commercial concerns
such as price and shipping costs. In addition, the sufficiency of infrastructure,
opportunities in financing, and seasonal factors have an impact on demands for
American LNG as well. Finally, political considerations could also play a role,
especially in areas where diversity in gas imports is of importance for energy security. In fact, politics did play a significant role in the initial years of the LNG industry
(https://www.atlanticcouncil.org/blogs/energysource/us-foreign-policy-andeuro-caspian-energy-security-the-time-is-now-to-build-the-trans-caspian-pipeline/
2017). According to many economists, due to new developments in the oil market,
such as increased production and reduced demand, as well as the entry of the United
States into the market as an oil exporter, US seeks to exercise management in oil
markets to maintain its favorable market price. Increase your oil exports. Based on
the US policies in recent years, it can be claimed that the country is trying to reduce
oil exports from other countries by means of sanctions as well as controlled chaos
in order to provide new markets for its oil (www.ettelaat.com 2020). These analysts
are analyzing the oil embargo on Iran and Venezuela, as well as the crisis in oilexporting countries such as the crisis in Qatar. Although Syria does not have a large
share of the oil market, US dominance in these resources could be a good incentive
for the continuation of this US policy. US regional allies’ pressure to maintain presence in Syria: Given the growing strength of the Islamic Republic-led resistance in
West Asia, the United States’ regional ally is seeking an active US presence in
regional affairs (www.investopedia.com 2020a, b).
The presence of American LNG could have weakened, but this does not mean
that it is out of the picture. The downturn in capital investments in energy projects
is adversely affecting several gas production basins in other countries. To illustrate,
in the eastern Mediterranean Sea, export alternatives to boost Israel’s gas exports
have been wasted. This partly derived from the fact that a major potential importer
of Israel gas, the Egyptian LNG production plant, was closed. Another example is
the multinational companies that are drill offshore of Cyprus. They have also had to
halt their activities. In contrast, Turkey has plans to start offshore drilling soon. In
brief, there have been significant changes in the dynamics of Eastern Mediterranean
gas (www.fdd.org 2020a, b, c).
6 Trump Energy Diplomacy