Trump Administration’s Energy Plan Unveiled
By Jarrett Renshaw
Nov 25 (Reuters) – Donald Trump’s transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects and increase oil drilling off the U.S. coast and on federal lands, according to sources familiar with the plans.
The energy checklist largely reflects promises Trump made on the campaign trail, positioning oil and gas production as a key agenda item alongside immigration.
Trump also plans to repeal some of his predecessor’s climate legislation and regulations, such as tax credits for electric vehicles and clean power plant standards.
An early priority would be lifting President Joe Biden’s pause on new LNG export permits and approving pending permits, expediting drilling permits on federal lands, and reopening drilling plans off the U.S. coast.
Trump aims to approve the Keystone Pipeline and replenish the nation’s Strategic Petroleum Reserve, among other initiatives.
Trump ‘Plans to Go Strong’ on LNG
Biden froze new LNG export permits in January, but Trump plans to move swiftly on the issue.
The United States is the world’s top producer of natural gas and became the No. 1 LNG exporter in 2023.
Looking to Drill Offshore and on Federal Lands
Trump intends to accelerate drilling off the U.S. coast and on federal lands, aiming to expedite permits and increase oil production.
Despite the lag in permit approvals under Biden, oil output on federal lands hit a record in 2023.
(Reporting by Jarrett Renshaw; additional reporting by Nichola Groom and Timothy Gardner; Editing by Leslie Adler)
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