Trump's energy plan includes approving new liquefied natural gas project export permits, accelerating oil drilling on the US coast and federal lands, and abolishing a series of climate legislation and environmental regulations implemented by former President Biden.
On the 25th, it was reported that Trump's team is developing a comprehensive energy policy, planning to launch it on his first day in office.
This energy plan includes approving new liquefied natural gas (LNG) export permits, accelerating oil drilling on U.S. coasts and federal lands, and repealing a series of climate legislation and environmental regulations implemented by former President Biden.
With the introduction of this plan, it signifies the beginning of Trump fulfilling his campaign promises, especially in the energy sector: promoting growth in U.S. energy production and reducing restrictions on environmental regulations.
Reports suggest that Trump plans to accelerate natural gas exports and oil drilling permit approvals.
Liquefied natural gas exports will be one of the key focuses in Trump's energy plan.
Reports indicate that Trump plans to immediately lift the Biden administration's freeze on liquefied natural gas export permits implemented during the election year and swiftly advance pending export permits.
The delay in this measure has led to several liquefied natural gas projects being stalled, including several large liquefied natural gas projects in Louisiana.
Karoline Leavitt, spokesperson for the Trump transition team, stated in a declaration:
"The American people can trust that President Trump will use his executive powers on his first day in office to fulfill the promises he made to them during his campaign."
Federal records show that the United States has five liquefied natural gas export projects that have been approved by the Federal Energy Regulatory Commission, but are still awaiting permits from the Department of Energy.
The Trump team's energy plan will also include accelerating oil drilling projects on federal land and coasts. The Trump administration aims to further increase U.S. oil production by shortening the approval time for oil drilling permits.
According to federal data, in the first three years of the Biden administration, the average approval time for oil drilling permits on federal land was 258 days, while during the Trump administration, this number was 172 days, significantly faster.
It is expected that Trump will reduce administrative approval processes to ensure more oil and gas resources can quickly enter the market. He also plans to restore or increase offshore and federal onshore drilling lease sales to incentivize business investment and increase oil production.
Abolishing Biden government's climate policies, strategic oil reserves supplementation, and international cooperation
In addition to promoting energy production growth, Trump's energy plan also includes abolishing some key climate policies of the Biden administration.
For example, Trump plans to cancel the electric car tax credit exemption policy implemented by the Biden administration, as well as the clean power generation standards aimed at gradually phasing out coal and natural gas.
Trump will also seek to restore the embattled Keystone XL pipeline project approval, which was canceled on Biden's first day in office. Despite some agreements, such as easements for the project, being withdrawn by landowners, Trump still plans to take measures to restart the project and facilitate the transportation of Canadian crude oil to the United States through the pipeline.
Trump also plans to take measures to supplement the USA's strategic oil reserves. The reserves are established to address sudden energy crises, however, during the Biden administration, some reserves have been tapped into to address energy price increases resulting from high inflation and the Russia-Ukraine conflict.
Furthermore, Trump will exert pressure through international cooperation, particularly targeting the International Energy Agency (IEA). Trump's advisors urge him to demand that the IEA refocus on energy security issues rather than focusing solely on emission reduction policies.
Dan Eberhart, CEO of the oilfield service company Canary, stated:
"I personally urged Trump and his team to pressure the International Energy Agency to return to its core mission of energy security and abandon greenwashing behaviors."
Editor/Jeffy