The Trump administration's new maritime rules require a portion of liquefied natural gas exports to be transported on U.S.-built vessels by 2029, which has caused friction with the oil and gas industry. The industry, represented by the American Petroleum Institute, argues that compliance is not feasible and may undermine progress in LNG exports. Although the industry generally supports Trump's policies, they favor less restrictive trade practices compared to his protectionist approach, which has also affected oil prices negatively.
The maritime rules are the latest source of tension between oil and gas executives... The industry is aligned with Mr. Trump on an array of key priorities.
In a letter to the administration last week, the American Petroleum Institute... urged officials to reconsider it.
#us-oil-and-gas-industry #trump-administration #natural-gas-export #maritime-regulations #trade-policies
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