Trump vows to lift restrictions, and the US liquefied natural gas industry is ready to expand

According to the Financial Times, U.S. President-elect Trump’s plan to increase liquefied natural gas exports could boost the U.S. economy by $1.3 trillion. The oil and gas industry is expected to be approved to build new export facilities and pipelines in the Gulf of Mexico. S&P Global’s forecast is based on the expectation that LNG export capacity will double over the next five years as the president-elect delivers on his promises, lifts approval moratoriums, accelerates the construction of new export terminals, and drives industry development. Alan Armstrong, CEO of Williams, one of the largest gas pipeline companies in the United States, said: "We already have large contracts with major LNG suppliers, and we certainly want to get more of them. ”