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OKIsItJustMe

(21,016 posts)
Thu Nov 7, 2024, 06:44 PM Nov 7

Reuters: US LNG developers see Trump win lifting pall over expansions

https://www.reuters.com/business/energy/us-lng-developers-see-trump-win-lifting-pall-over-expansions-2024-11-07/
US LNG developers see Trump win lifting pall over expansions
By Curtis Williams
November 7, 2024 4:46 PM EST

Summary
  • Energy and LNG executives express relief at Trump's election win
  • Expect regulations will ease under new administration
  • Environmental groups promise fight to block LNG expansion
HOUSTON, Nov 7 (Reuters) - U.S. liquefied natural gas developers awaiting permits for new export projects this week expressed confidence President-elect Donald Trump will ease the way for their multi-billion-dollar expansion plans.

Their confidence is buoyed by Trump's promise to end an expanded Department of Energy review that has slowed new export permits. President Joe Biden had paused new non-FTA export permits and asked the DOE to more broadly evaluate the cumulative effects of new LNG projects' climate and economic impacts.

Environmental groups pledged to keep up the pressure to block new plants.

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