HOUSTON, Jan 15 (Reuters) -

U.S. President-elect Donald Trump plans to abolish the

requirement for some producers of liquefied natural gas (LNG) to

seek export permit renewals, according to two sources with

knowledge of the plan.

Trump will likely include the change in an executive order

on LNG that he will issue on his first day in office, the

sources said. Trump, who takes office on Monday, has said he

would issue an LNG order on day one that would end the pause on

approvals for new LNG projects that outgoing President Joe Biden

put in place in January last year.

Several companies have permits to export LNG to countries

that are not part of free trade agreements with the U.S. and

have yet to build their plants.

The companies run the risk of their permits not being

renewed, which can endanger their projects. Companies developing

LNG plants use preliminary export deals to buyers around the

world - and related permits for export - to seek financing for

projects.

In April 2023 the U.S. Department of Energy (DOE) refused to

grant export permit extensions to LNG developers that failed to

meet a construction deadline.

The DOE said it would

no longer consider

new applications for extensions to seven-year commencement

permits, unless companies prove they have physically started

construction on an LNG export facility, or faced extenuating

circumstances.

The decision was made after pipeline company Energy

Transfer ( ET ) applied for a

three-year extension

of its permit to construct an LNG export facility in Lake

Charles, Louisiana.

The company argued it wanted a second extension

due to a variation in the design of the project to include a

major carbon capture and sequestration component.