Donald Trump's plan to increase liquefied natural gas (LNG) exports could contribute $1.3 trillion to the US economy. The oil and gas industry anticipates receiving approval to build new export facilities and pipelines in the Gulf of Mexico, with experts predicting a doubling of LNG export capacity in the next five years. This expansion is expected to create numerous jobs and generate significant tax revenue for the federal and state governments. However, regulatory hurdles and legal challenges from environmental groups could potentially hinder the growth of the LNG sector.
Donald Trump ’s plan to ramp up liquefied natural gas exports could provide a $1.3tn boost to the US economy, with the oil and gas industry poised to get the green light to build new export facilities and pipelines on the Gulf of Mexico.
9bn cubic feet a day in 2023, the industry has had a fractious relationship with President Joe Biden’s administration, which paused new licences for export terminals in January to carry out an analysis of the costs and benefits of continued expansion. Trump has vowed to lift the pause on the first day of his administration — but there could be hurdles. “Even though President Trump said on the first day he’ll lift the pause . . .
Energy LNG ECONOMY ENERGY TRUMP REGULATION
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