Trump Unleashes LNG and Drilling Free-for-All.
President Donald Trump wasted no time flexing his pro-fossil fuel stance, approving the first LNG export permit since Biden’s controversial pause last year and creating a new energy council to expand U.S. oil and gas production. The move is a sharp policy reversal and seeks to reinforce America’s position as the world’s top hydrocarbon producer.
Commonwealth LNG, the long-waiting recipient of this permit, can now proceed with its 9.5 million metric tons per annum (mtpa) export facility in Louisiana, targeting markets in Asia and Europe. The approval effectively ends the uncertainty caused by Biden’s freeze on new LNG export authorizations—a pause that the administration initially framed as temporary but dragged on into perpetuity.
Trump lifted that freeze the moment he stepped back into office.
Beyond LNG, Trump has reopened over 600 million acres of offshore federal waters for oil and gas development, reversing restrictions imposed during Biden’s tenure. The newly formed energy council, led by Interior Secretary Doug Burgum, is set to drive policy aimed at maximizing domestic energy output.
Source: OILPRICE