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ENERGY: Trump Expected to Quickly Release New U.S. Energy Related Package

ENERGY
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Trumps administration will roll out a wide-ranging package of energy related policies within days of office according to Reuters sources. 

  • The package is reflective of Trump promises on his campaign trail and widely expected by the industry.
  • Joe Biden’s year long pause on export permits for new LNG p[projects will be lifted while drilling permits on federal lands will be expedited and his administration will  quickly reopen five-year drilling plans off the U.S. coast to include more lease sales.
  • Trump would seek to approve the Keystone Pipeline.
  • Trump would also call on Congress to provide new funding so he can replenish the nation's Strategic Petroleum Reserve.
  • Questions remain over driller ambition to increase production which is already at record levels with an Atlantic Basin more in search of heavier barrels. The Gulf Keystone pipeline also faces significant hurdles to attract interested companies after numerous policy changes.
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Trumps administration will roll out a wide-ranging package of energy related policies within days of office according to Reuters sources. 

  • The package is reflective of Trump promises on his campaign trail and widely expected by the industry.
  • Joe Biden’s year long pause on export permits for new LNG p[projects will be lifted while drilling permits on federal lands will be expedited and his administration will  quickly reopen five-year drilling plans off the U.S. coast to include more lease sales.
  • Trump would seek to approve the Keystone Pipeline.
  • Trump would also call on Congress to provide new funding so he can replenish the nation's Strategic Petroleum Reserve.
  • Questions remain over driller ambition to increase production which is already at record levels with an Atlantic Basin more in search of heavier barrels. The Gulf Keystone pipeline also faces significant hurdles to attract interested companies after numerous policy changes.