Interior Secretary Doug Burgum announced that Asia-Pacific nations committed to $57 billion worth of agreements with American companies during a weekend energy forum in Tokyo. The deals underscore efforts to strengthen energy partnerships with allies and reduce their dependence on adversarial nations.
Interior Secretary Doug Burgum announced Sunday that Asia-Pacific nations have committed to $57 billion worth of agreements with American companies following a weekend energy conference in Tokyo.
Speaking during an appearance on Fox News Channel’s “Sunday Morning Futures,” Burgum revealed that 22 separate agreements were reached during the Indo-Pacific Energy Security Forum. The secretary also mentioned that Japan has expressed interest in purchasing additional U.S. oil.
The investment figure was adjusted upward from an initial $56 billion after one more agreement was completed after the conference concluded, according to Burgum.
The forum highlighted the importance of providing energy resources to allied nations to prevent them from becoming dependent on hostile countries, Burgum explained.
He praised Japan’s role in leading a group of countries working to increase global oil supplies.
“From a Japan standpoint, when they’re dependent on oil coming out of the Strait, that’s a great indication of their partnership with the United States and a great indication of their leadership on the world stage to jump in and say they’re going to release a significant portion of their reserves,” Burgum said.
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