Trump to boost US shale gas industry
US president-elect Donald Trump said that among his first actions as president will be cutting some restrictions on the country’s booming shale gas industry.
In a brief video released Monday, Trump said he plans to withdraw from the Trans Pacific Partnership trade deal and ditch energy regulations put in place by President Barack Obama’s administration.
“On energy, I will cancel job-killing restrictions on the production of American energy, including shale energy and clean coal.”
He said this would create “many millions” of jobs.
The U.S. started exporting shale gas in the form of LNG in February this year from Cheniere’s Sabine Pass liquefaction plant in Lousiana.
The country is expected to become the world’s third-largest LNG supplier by 2020 with an export capacity of 60 million mt coming from five export terminals currently being developed along the U.S. Gulf Coast.
Lately, there have been many discussions on the potential impacts Trump’s Presidency would leave on the U.S. LNG export industry. However, these impacts are yet to be seen as Trump officially becomes president in the morning of January 20, 2017.
Earlier this year, he was cited in the media as saying “What is LNG?” after being asked by coal giant Bob Murray whether he would allow more LNG terminals.
However, with right energy advisers, Trump will surely get more acquainted with the pros and cons of the LNG industry as the U.S. is set to become an LNG export powerhouse.
LNG World News Staff