"They want to increase energy purchases from the US," Burgum stated in a CNBC interview on 23/3. He affirmed President Donald Trump's energy plan provides US allies with a stable alternative energy source.

"Our allies and partners can buy from the US, rather than from nations that instigate conflict or sponsor terrorism," he added.

The US is currently the world's largest oil and gas producer. However, in 2025, the country's crude oil exports are projected to reach only 4 million barrels per day, according to the US Energy Information Administration (EIA). This represents a 3% decrease compared to 2024.

An oil extraction site in Texas, US, 10/2025. *Photo: Reuters*

US and Israeli attacks on Iran triggered the largest oil supply disruption in history. Economies like Japan, South Korea, and Taiwan heavily rely on oil and gas exports via the Strait of Hormuz. Vessel traffic through this route has sharply declined since the Middle East conflict erupted on 28/2.

Speaking at S&P Global's CERAWeek conference this week, Japan's Deputy Minister of Economy, Trade and Industry Takehiko Matsuo stated that Tokyo depends on the strait for 90% of its oil imports.

"The impact is significant," Matsuo said. Japan is highly prioritizing alternative supply sources. However, this is "not easy." He noted, "The US is one of the most anticipated alternative energy sources for Asian countries."

Asian economies also heavily rely on liquefied natural gas (LNG) exports through the Strait of Hormuz. Last week, Iranian attacks on Qatar's energy infrastructure disrupted approximately 20% of the global LNG supply.

Burgum indicated that Alaska will play a significant role in providing secure energy sources for Asia. The US Department of the Interior recently held an oil and gas lease auction in Alaska's national petroleum reserve. The Trump administration also prioritized a massive LNG project in Alaska.

Energy exports from Alaska take only 8 days to reach Asian allies, Burgum stated. Of that, 5 days of the journey are within US territorial waters along the Aleutian Islands. "Therefore, it is a secure energy supply," the Interior Secretary concluded.

Ha Thu (according to Reuters, CNBC)