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LNG: Trump LNG Permit Approvals to Have No Near-term Impact: Goldman

LNG
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Plans by Trumps administration to reverse LNG permitting restrictions on his first day in office will not have a near term impact on global gas supply according to Goldman Sachs analysts.

  • Goldman Sachs analysts said the construction timelines imply no likely impact on U.S. or global gas balances before 2027 or later even under circumstances where the DOE approves the proposed LNG export projects.
  • "We reiterate our view that this approval is a necessary but not sufficient condition for new U.S. LNG export projects to come online," the note said.
  • Goldman also said any changes would not impact its long-term LNG balances or prices outlook.
  • It expects U.S. LNG exports to more than double by 2030 to 189 million metric tons per annum (25 Bcf/d), increasing its share of global LNG supply by then to 31% from current levels of 22%.
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Plans by Trumps administration to reverse LNG permitting restrictions on his first day in office will not have a near term impact on global gas supply according to Goldman Sachs analysts.

  • Goldman Sachs analysts said the construction timelines imply no likely impact on U.S. or global gas balances before 2027 or later even under circumstances where the DOE approves the proposed LNG export projects.
  • "We reiterate our view that this approval is a necessary but not sufficient condition for new U.S. LNG export projects to come online," the note said.
  • Goldman also said any changes would not impact its long-term LNG balances or prices outlook.
  • It expects U.S. LNG exports to more than double by 2030 to 189 million metric tons per annum (25 Bcf/d), increasing its share of global LNG supply by then to 31% from current levels of 22%.