Trump
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.
In a court filing, Rio Grande LNG and Texas LNG argue that a recent executive order by President Trump should clear up legal challenges against their projects. Environmental opponents say the executive orders cannot change existing laws, and that the projects should be stopped.
A series of executive orders sought to dismantle an array of key U.S. climate policies. Some will have limited impact, others could be highly damaging.
Trump will issue declarations on his first day in office to support the expansion of U.S. LNG. However, energy analysts see legal challenges continuing to dog the industry.
Trump’s return to the White House will usher in an era of U.S. backsliding on climate policy. But attempts to slow the energy transition will be self-defeating, experts say.