The incoming Trump administration plans a sweeping energy agenda, prioritizing expanded oil and gas drilling, accelerated LNG exports, and rebuilding the Strategic Petroleum Reserve.
The transition team of incoming U.S. President Donald Trump is drafting an energy package to expand domestic oil and gas drilling on federal lands and offshore lease sales , in addition to expediting LNG export permits, Reuters reported on Monday, citing sources with knowledge of the plans.
Trump is also expected to seek new Congress funding to build up the Strategic Petroleum Reserve SPR, which was drained in half as the Biden Administration released crude from the reserve to curb the oil price spike following the Russian invasion of Ukraine.
Oil And Gas Drilling LNG Exports Federal Lands Offshore Lease Sales Strategic Petroleum Reserve Energy Security Energy Transition Department Of Energy Energy Realism.
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