popular articles

Trump unveils energy policy in Houston, focuses on fossil fuels

The Trump administration is detailing its energy priorities in Houston this week, focusing on deregulation and support for fossil fuels. The CERAWeek conference, which gathers key industry players, will serve as the stage for these announcements.

Please share:

Three senior officials from the Trump administration are attending the CERAWeek conference in Houston this week, a key event in the energy sector. Their presence aims to clarify the direction of the new U.S. energy policy, marked by a push for deregulation and increased support for the oil and gas industries.

A shift towards deregulation

Upon returning to the White House, Donald Trump signed an executive order titled Unleashing American Energy, aimed at boosting fossil fuel extraction and reducing environmental restrictions. This initiative led the Environmental Protection Agency (EPA) to attempt to overturn California’s ban on internal combustion vehicles by 2035, an effort halted by the Government Accountability Office.

Energy Secretary Chris Wright is opening the conference by reaffirming his commitment to expanding the energy sector, including fossil fuels. A former executive at Liberty Energy, a company specializing in shale oil and gas equipment, Wright advocates for increasing domestic production.

A booming natural gas market

The expansion of the Plaquemines liquefied natural gas (LNG) terminal in Louisiana by Venture Global was announced on Friday, with an additional $18 billion investment. This decision highlights the rapid growth of the U.S. gas market, which has already made the country the world’s leading LNG exporter.

“Our exports will more than double in the coming years,” Chris Wright stated on Bloomberg Television. This development follows the lifting of a moratorium on new LNG terminals imposed by Joe Biden, citing climate concerns.

Uncertainty over energy relations with Europe

Europe remains the primary customer for U.S. LNG, particularly after reducing Russian imports following the war in Ukraine. However, the diplomatic repositioning of the United States under Donald Trump, marked by a rapprochement with Russia and tensions with Europe, raises questions about the future of these exports.

Jonathan Elkind, a researcher at Columbia University, noted that “the role of the United States as a strategic energy supplier for Europe could be called into question.” While U.S. oil production remains at record levels, shifts in foreign policy could influence transatlantic energy flows.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Spanish authorities and grid operator REE denied conducting any experiment on the national electricity network prior to the massive outage on April 28, the cause of which remains unknown.
Three trade trajectories projected by Wood Mackenzie show how tariff tensions could shift demand, prices and investment in the global energy sector.
Three trade trajectories projected by Wood Mackenzie show how tariff tensions could shift demand, prices and investment in the global energy sector.
The European Commission states the Union is on track to cut emissions by 54% by 2030, following updated national plans.
The European Commission states the Union is on track to cut emissions by 54% by 2030, following updated national plans.
South Korea announces two major tenders totaling 2.25 GW, split between offshore wind and solar, introducing new economic and technical criteria designed to strengthen energy security and attract international investors.
South Korea announces two major tenders totaling 2.25 GW, split between offshore wind and solar, introducing new economic and technical criteria designed to strengthen energy security and attract international investors.
Ember anticipates that a third of ASEAN data centre electricity demand could be met by wind and solar by 2030, without batteries, if appropriate political measures are implemented.
A Rocky Mountain Institute report reveals India’s energy ambition, with electricity demand potentially tripling by 2050, backed by an industrial policy focused on renewable energy.
A Rocky Mountain Institute report reveals India’s energy ambition, with electricity demand potentially tripling by 2050, backed by an industrial policy focused on renewable energy.
The Indonesian government targets a mixed energy expansion involving coal, gas, renewables, and nuclear, requiring IDR2,967.4tn ($235bn) in investment by the end of 2034.
The Indonesian government targets a mixed energy expansion involving coal, gas, renewables, and nuclear, requiring IDR2,967.4tn ($235bn) in investment by the end of 2034.
Canadian Natural Resources Minister Tim Hodgson announces reforms to the energy permitting process, aiming to stimulate investments and strengthen relations between the government and industry.
Canadian Natural Resources Minister Tim Hodgson announces reforms to the energy permitting process, aiming to stimulate investments and strengthen relations between the government and industry.
The U.S. Environmental Protection Agency is finalising a proposal to lift emissions caps for thermal power plants, amid a broader shift toward national energy security.
The Pakistani government is releasing 2,000 megawatts of power to support the development of data centres focused on artificial intelligence and Bitcoin mining, as part of a strategy to attract foreign investment.
The Pakistani government is releasing 2,000 megawatts of power to support the development of data centres focused on artificial intelligence and Bitcoin mining, as part of a strategy to attract foreign investment.
In April, China generated 26% of its electricity from wind and solar, according to Ember, marking a historic first that reflects a rapid rebalancing of its energy mix.
In April, China generated 26% of its electricity from wind and solar, according to Ember, marking a historic first that reflects a rapid rebalancing of its energy mix.
Belgium’s federal parliament has adopted a law authorising the extension of Doel-4 and Tihange-3 reactors and allowing new nuclear construction, ending the nuclear phase-out policy established in 2003.
Belgium’s federal parliament has adopted a law authorising the extension of Doel-4 and Tihange-3 reactors and allowing new nuclear construction, ending the nuclear phase-out policy established in 2003.
The re-elected Australian government is investing heavily in storage, critical minerals and domestic production to meet its target of 82% renewable electricity by 2030.
The US House budget bill outlines a gradual phaseout of tax credits, affecting financing for solar, wind, storage, and clean hydrogen initiatives.
The US House budget bill outlines a gradual phaseout of tax credits, affecting financing for solar, wind, storage, and clean hydrogen initiatives.
China's gas, oil and coal volumes remain above last year’s levels, despite a decline in April compared to the record highs of March.
China's gas, oil and coal volumes remain above last year’s levels, despite a decline in April compared to the record highs of March.
The UK’s energy price cap is expected to fall to £1,720 ($2,187) in July, according to Cornwall Insight, due to recent movements in wholesale markets.
The UK’s energy price cap is expected to fall to £1,720 ($2,187) in July, according to Cornwall Insight, due to recent movements in wholesale markets.
The European Commission releases data on the REPowerEU plan, confirming a sharp drop in Russian fossil fuel purchases and announcing new legislative measures by June.
A partnership between the Indian government and GEAPP provides financial and operational support to early-stage climate-tech firms as part of a national energy strategy.
A partnership between the Indian government and GEAPP provides financial and operational support to early-stage climate-tech firms as part of a national energy strategy.
A $150mn financing package, including $100mn from the World Bank, will support the modernisation of Uzbekistan’s power grid and integration of renewable energy in key regions.
A $150mn financing package, including $100mn from the World Bank, will support the modernisation of Uzbekistan’s power grid and integration of renewable energy in key regions.
A report from the Public Policy Forum calls for accelerating over 500 energy, critical minerals and infrastructure projects to generate CAD1 100bn in Canadian GDP growth.
A report from the Public Policy Forum calls for accelerating over 500 energy, critical minerals and infrastructure projects to generate CAD1 100bn in Canadian GDP growth.
The Danish government is assessing the possibility of authorising new nuclear technologies, marking a major regulatory shift in energy policy after four decades of prohibition.
The Spanish government confirmed no signs of cyberattack were identified after the 28 April blackout that affected much of the Iberian Peninsula.
The Spanish government confirmed no signs of cyberattack were identified after the 28 April blackout that affected much of the Iberian Peninsula.
South African authorities are advocating for an approach that integrates economic development and environmental protection, highlighting global imbalances in climate responsibility.
South African authorities are advocating for an approach that integrates economic development and environmental protection, highlighting global imbalances in climate responsibility.
The European Commission is considering changing environmental laws to accelerate the granting of permits for renewable energy projects across the European Union.
The European Commission is considering changing environmental laws to accelerate the granting of permits for renewable energy projects across the European Union.

Advertising