financetom
Business
financetom
/
Business
/
Trump lifts freeze on LNG export permit applications
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Trump lifts freeze on LNG export permit applications
Jan 20, 2025 8:22 PM

WASHINGTON, Jan 20 (Reuters) - President Donald Trump

issued an order on Monday for the U.S. to resume processing

export permit applications for new liquefied natural gas (LNG)

projects, part of an effort to raise U.S. energy output and

dismantle his predecessor's climate policies.

The Republican's executive order, which was expected,

effectively reverses a pause on permits for new projects that

former President Joe Biden put in place in early 2024. Biden, a

Democrat, paused the approvals so U.S. national laboratories

could study the environmental and economic effects of the

booming export industry.

U.S. shipments of LNG set a record in 2023 and the country

is the world's largest exporter of the product. Exports are

expected to double by the end of the decade and could double

again under existing authorizations, the Energy Department has

said.

But the pause in new export permits had created uncertainty

for a slew of projects in the works, many supplying Asia and

Europe.

Plants in Louisiana awaiting approvals include Commonwealth

LNG, Venture Global's CP2, Cheniere Energy's expansion

to its Sabine Pass facility and Energy Transfer's ( ET ) Lake

Charles terminal. In Texas, a second phase of Sempra's ( SRE )

project Port Arthur LNG, awaits approval.

Trump's incoming energy team will be tasked with executing

his pledge to boost U.S. oil and gas output.

Chris Wright, his choice to run the Energy Department which

would issue the LNG export permits, led oilfield service company

Liberty Energy and told senators in his nomination

hearing last week that his first priority is to expand domestic

energy production including LNG and nuclear power.

Doug Burgum, former governor of oil producing state North

Dakota and Trump's pick for Interior Secretary, is expected to

clear the way for more oil and gas leasing on federal lands.

Burgum will head a national energy council to find ways to boost

energy output.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Morgan Stanley says it will contest Dutch dividend tax evasion probe
Morgan Stanley says it will contest Dutch dividend tax evasion probe
May 28, 2025
THE HAGUE, May 28 (Reuters) - Morgan Stanley ( MS ) said on Wednesday it will contest a Dutch public prosecutor's investigation into tax evasion related to dividends on Dutch shares. The Dutch public prosecution service said on Wednesday it would subpoena a foreign bank on suspicion of dividend tax evasion. It said that between 2009 and 2013, a subsidiary...
Second-Quarter Box Office Outperformance to Drive Full-Year Upside, Wedbush Says
Second-Quarter Box Office Outperformance to Drive Full-Year Upside, Wedbush Says
May 28, 2025
02:30 PM EDT, 05/28/2025 (MT Newswires) -- North American box office revenue this year could exceed expectations as second-quarter ticket sales are tracking higher than projected, Wedbush Securities said in a Wednesday client note. Full-year box office collections could increase 11% from 2024 levels to $9.5 billion, up from $9.1 billion previously expected, Wedbush analysts including Alicia Reese said. Movies...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Talon Metals Secures Site For North Dakota Minerals Processing Facility
Talon Metals Secures Site For North Dakota Minerals Processing Facility
May 28, 2025
02:38 PM EDT, 05/28/2025 (MT Newswires) -- Talon Metals ( TLOFF ) on Wednesday said it has secured a site to develop its Beulah Minerals Processing Facility (BMPF). The site, near Beulah, North Dakota, is owned by Westmoreland Mining LLC. The former coal mining site is set to be developed to process critical minerals for domestic defense and energy requirements,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved