Trump Reforms the US Energy Market.

US President Donald Trump intends to take a series of measures regarding energy after the start of his presidential term. The main point of his plan is to lift restrictions on natural gas exports that were imposed by the previous administration. It is also planned to approve previously frozen projects at major infrastructure sites in Louisiana, such as CP2 Venture Global and Energy Transfer.

The main goal of these measures is to strengthen the US position in the global natural gas market, especially in Europe, where demand for energy is rising after reduced supplies from Russia. To implement this plan, Trump intends to declare a state of emergency in the energy sector, which will allow decisions to be made without agreement with Congress and regulatory bodies.

Additionally, Trump plans to increase oil production by expanding oil drilling and accelerating the permitting process for them. Furthermore, there are plans to increase the sale of land for oil and gas extraction. Trump's plan conveys the cancellation of tax incentives for electric vehicles and a review of 'clean' power plant standards, which may impact the development of renewable energy in the US. Besides, the president intends to revive the Keystone XL pipeline project, which was canceled after Biden took office. The implementation of this project will take Time and require agreements with landowners.