WASHINGTON (Sputnik) – Export authorizations for US liquefied natural gas (LNG) can now be extended through to mid-century, President Donald Trump said at a press conference in Midland, Texas.
“My administration is announcing today that export authorizations for American liquefied natural gas can now be extended through the year 2050,” Trump said on Wednesday.
Secretary of Energy Dan Brouillette said that LNG exports will reduce the United States’ trade deficit by $10 billion in 2020.
The proposed policy change was originally announced on 11 February.
Under the Trump administration, the United States began an aggressive campaign to diversify energy exports globally.
Sourse: sputniknews.com
