Fifteen countries across Asia just signed the world’s largest-ever trade pact, but it may wind up hurting US natural gas.
Recent political and geopolitical developments in the United States and Asia could undermine American energy exports to the biggest regional importer of crude oil, natural gas, and coal. Two weeks ago, fifteen countries in the Asia-Pacific region—including China and Australia—signed the world’s newest and largest trade pact. The Regional Comprehensive Economic Partnership (RCEP) Agreement is set to gradually reduce and, in some cases, eliminate, trade tariffs on goods, including commodities.
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