Trump Vows to Lift Restrictions, Poised to Boost U.S. LNG Industry by $1.3 Trillion with Capacity Expected to Double

Jan 14, 2025, 11:54 AM

The U.S. liquefied natural gas (LNG) industry is set for expansion following President-elect Donald Trump's commitment to lift restrictions on export terminals. This move is expected to turbocharge the industry, potentially adding $1.3 trillion to the U.S. economy over the next five years, according to S&P. The capacity for LNG exports is anticipated to double as new export facilities and pipelines are constructed, particularly in the Gulf of Mexico. Analysts suggest that this ramp-up in LNG exports could play a crucial role in the broader energy strategy of the Trump administration, leveraging America's abundant natural gas resources to enhance economic growth and support domestic manufacturing.