Trump to Lift LNG Pause, Expand Oil Drilling Amid AI-Driven Energy Demand

Nov 25, 2024, 04:38 PM

President-elect Donald Trump is preparing to lift the Biden administration's pause on liquefied natural gas (LNG) export permits and expedite the approval of pending applications. His transition team is crafting an executive order to address the permit pause, signaling a swift shift in energy policy. Trump also plans to accelerate oil and gas drilling on federal lands and hold additional sales for drilling rights. These measures are part of a broader energy package expected to be rolled out shortly after he takes office. The initiatives aim to boost U.S. energy exports and production, with industry leaders like BP expressing optimism about the regulatory changes under the Trump administration. The energy sector anticipates growth as artificial intelligence drives higher energy demand.