U.S. President Donald Trump said on Tuesday that Japan will form a joint venture to develop a liquefied natural gas project in Alaska though a Japanese government official said he was not aware of such plans.

President Donald Trump said the US and Japan are close to a deal to jointly export liquefied natural gas from Alaska, potentially boosting a long-delayed project that’s struggled to gain traction.

The EU is promising colossal new US fossil fuel purchases under its trade deal with President Donald Trump, raising concerns for the bloc's climate fight -- should the mammoth pledges come true. The Trump trade deal comes as the EU debates its 2040 emissions-reduction target,

Liquefied natural gas developers led gains for U.S. energy companies in early trading on Monday, after the European Union pledged $750 billion worth in strategic purchases as part of a sweeping trade pact.

President Donald Trump said the U.S. and Japan are nearing a deal to jointly export liquefied natural gas from Alaska, which could potentially revive a long-stalled project. Speaking to lawmakers, Trump said Japan is “forming a joint venture with us in Alaska for the LNG,

“Trump has put pressure on a seeming plethora of Asian trading partners to buy more U.S. LNG,” said Tim Daiss, at the APAC Energy Consultancy, pointing out that Japan had agreed to buy more despite being so “awash in the fuel” that it was being forced to cancel projects and contracts to offload the excess to Asia’s growing economies.

U.S. liquefied natural gas company Venture Global said on Monday it has decided to go ahead with the construction of its CP2 export facility in Louisiana after it closed $15.1 billion in financing for the first phase of the project.

Shares of liquified natural gas provider Cheniere Energy (LNG) advanced in premarket trading Monday, a day after President Trump and European Commission President Ursula von der Leyen struck a trade deal that will have the European Union purchase more LNG from American suppliers.

U.S. President Donald Trump will make his trade deal decisions this week even as separate negotiations with China and the European Union continue, U.S. Commerce chief Howard Lutnick said on Tuesday ahead of Trump's self-imposed Aug.