Trump
Trump’s warnings that he must “own” Greenland have Europe on edge. Some European members of parliament are considering a “freeze” on last year’s trade deal, which could disrupt LNG flows.
The Trump administration has vowed to control Venezuelan oil for years to come, but reviving the sector will be difficult. Meanwhile, aggressive American foreign policy may backfire.
U.S. energy secretary Chris Wright played down fears that a focus on gas exports would drive up prices for domestic U.S. gas users.
U.S. electricity prices were already rising because of new demand and stress from climate disasters. But Trump’s attacks on renewables could create more “scarcity,” experts say.
The U.S. is seeking to bring “back common sense” on energy security, an IEA summit in London heard on Thursday.
The Trump administration trade war and hostile geopolitics means LNG is increasingly seen not as a source of energy security, but one of growing risk.
With Trump back in office, doubts remain over how the Middle East’s energy transition can happen at a pace which conforms with global climate targets.
Trump said the EU could avoid higher tariffs if it buys high amounts of oil and gas — but the numbers show this is unrealistic. The EU is negotiating, but is speeding up the deployment of renewables and readying trade retaliation.
Although Trump exempted oil and gas from tariffs, LNG could still become ensnared in trade retaliation, analysts say. And, of course, an unprovoked trade war could bring about economic recession.
A trade war is heating up, again, between the world’s two largest economies, the U.S. and China, in part over U.S. LNG imports.
The Trump administration is aggressively supporting LNG, and some projects are starting to see momentum. Gulf Coast communities are paying the price.
Some oil and gas executives took a victory lap following a shift in the U.S. and Europe away from climate action. But volatile decision making in Washington, and market gyrations, cast a shadow over conference proceedings.
The threat of punitive tariffs on Canada has highlighted the country’s dependence on the U.S. market. In response to the threat of a trade war, Canadian officials are eyeing more oil and gas pipeline and export projects to Europe and Asia, but critics warn of doubling down on fossil fuels.
LNG exporter Trinidad and Tobago is taking a bet on deepwater drilling and long-suppressed reserves in neighbouring Venezuela to close a chronic gap in gas feedstock.
Trump promised to supercharge U.S. LNG exports. But his trade war with China could backfire on the industry.














