During President Donald Trump’s recent visit to Poland, he got a lesson in the reality of the global oil and gas market from Polish President Andrzej Duda. In his prepared remarks, Trump addressed the issue of U.S. oil and gas exports, saying, “America stands ready to help Poland and other European nations diversify their energy supplies, so that you can never be held hostage to a single supplier.”
In the question and answer session that followed, Trump exhibited some of his characteristic bravado when he offered to negotiate a liquefied natural gas (LNG) agreement right then and there.
“I think we can enter a contract for LNG within the next 15 minutes,” Trump said. “Do you have anybody available to negotiate? It will take about 15 minutes.”
Which put President Duda in the awkward position of having to explain to the American president how international energy deals actually happen. As The Hill reported, “Duda laughed in response, saying that it is up to private companies in both countries, not the presidents, to negotiate such a deal.”