Trump seeks to project global power through energy exports (Reuters)

30 / JUN / 2017

Timothy Gardner / Reuters

President Donald Trump on Thursday promoted a "golden era" of the U.S. energy business by seeking to assert power abroad through a boost in natural gas, coal and petroleum exports.

In what he called a policy of "energy dominance," Trump re-branded efforts to export liquefied natural gas (LNG) to markets in Eastern Europe and Asia that had been set in motion during the previous presidential administration.

The United States also will offer to export coal to Ukraine, where energy consumers often have suffered from cuts in natural gas supply by Russia.

"We are here today to unleash a new American energy policy," Trump said at an event at the Department of Energy attended by oil and coal executives and union members who build pipelines. "We will export American energy all around the world."

Trump plans to promote U.S. LNG exports at a meeting next week in Warsaw with a dozen leaders from central and eastern Europe, a region heavily reliant on Russian supplies. Trump then will meet Russian President Vladimir Putin on the sidelines of a Group of 20 summit in Germany, in the first meeting between the two leaders, coming amid rising tensions over interference in the 2016 U.S. election.

After decades of being a major importer of natural gas, the United States is set to become a net exporter of gas later this year or in 2018 thanks to the boom in fracking in states such as Texas and Pennsylvania.

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