The relationship between the United States and China, the world's largest LNG importer, could complicate due to the plan to nearly double U.S. LNG export capacity by 2028. U.S. and foreign experts agree that President Donald Trump's actions in the energy sector will not have an immediate impact, as the industry plans for the long term.
The National Energy Emergency declaration issued by Trump could result in more exploration instead of an abrupt increase in fossil fuel production. Ellen Wald, a researcher at the Atlantic Council, pointed out that it is unlikely that oil and natural gas production in the U.S. will change dramatically in the coming years due to Trump's directives.
According to Matthew Bernstein from Rystad Energy, Trump's mantra "Drill, baby, drill" overestimates the willingness of the oil industry to prioritize growth over profitability. Although a quicker approval of permits on federal lands in New Mexico is expected to stimulate oil and gas extraction, a significant impact is not anticipated.
For his part, Joseph Webster from the Atlantic Council suggests that Trump seeks to increase U.S. geopolitical influence through oil and gas exports, promoting greater economic growth and strengthening the energy security of allies. Trump’s energy policies seem to be aimed at increasing domestic hydrocarbon production to boost exports in a competitive global scenario.
