US ENERGY groups are asking the Trump administration to exempt liquefied natural gas LNG tankers from a new rule that will require producers to move an increasing percentage of their exports on American-built ships, Reuters reports.
The us is the world's biggest LNG exporter at US$34 billion annually and the Trump administration has been a supporter of the industry in his push for energy dominance.
In a move that shocked the industry, the US Trade Representative (USTR) announced April 17 that LNG producers would have to transport one per cent of their exports on US-built ships starting in April 2028. That percentage would escalate to 15 per cent in April 2047 and beyond.
That could put the US LNG industry at a disadvantage to its peers around the world because there aren't enough US-built ships to meet the requirement, the American Petroleum Institute (API) said in a letter to US Energy Secretary Chris Wright and National Energy Dominance Council chairman Doug Burgum seen by Reuters. Mr Burgum is also US Interior Secretary.
It 'risks counteracting the significant progress the Trump Administration has made towards reducing uncertainty and unleashing US LNG,' said API chief executive Mike Sommers. API counts as members some of the world's largest energy companies, such as Exxon Mobil, Chevron and Cheniere Energy.
SeaNews Turkey
The us is the world's biggest LNG exporter at US$34 billion annually and the Trump administration has been a supporter of the industry in his push for energy dominance.
In a move that shocked the industry, the US Trade Representative (USTR) announced April 17 that LNG producers would have to transport one per cent of their exports on US-built ships starting in April 2028. That percentage would escalate to 15 per cent in April 2047 and beyond.
That could put the US LNG industry at a disadvantage to its peers around the world because there aren't enough US-built ships to meet the requirement, the American Petroleum Institute (API) said in a letter to US Energy Secretary Chris Wright and National Energy Dominance Council chairman Doug Burgum seen by Reuters. Mr Burgum is also US Interior Secretary.
It 'risks counteracting the significant progress the Trump Administration has made towards reducing uncertainty and unleashing US LNG,' said API chief executive Mike Sommers. API counts as members some of the world's largest energy companies, such as Exxon Mobil, Chevron and Cheniere Energy.
SeaNews Turkey
