Who is better for US LNG exports: Trump or Harris?

Mr Trump’s presidency was marked by a starkly different approach to energy policy. He championed the expansion of the fossil fuel industry, including LNG exports, as a cornerstone of his economic strategy and viewed energy independence and dominance as critical to national security and economic prosperity.

Mr Trump’s administration facilitated the approval and development of numerous LNG export terminals, aiming to enhance the US’s competitive edge in the global energy market. His speeches and policy actions consistently underscored a commitment to deregulation and industry growth, presenting a clear contrast to Ms Harris’s more environmentally cautious stance.

Comparing Ms Harris and Mr Trump on LNG exports reveals fundamental differences in their environmental and economic policies.

Ms Harris’s focus on environmental sustainability suggests a more measured approach to LNG exports, potentially imposing stricter regulatory frameworks and prioritising renewable energy investments. This could lead to a slower pace of growth for the LNG sector but would align with global efforts to combat climate change.

On the other hand, Mr Trump’s policies favoured rapid expansion and deregulation, aiming to maximise economic benefits and strengthen the US’s position as a leading LNG exporter. While this approach fuelled industry growth, it often drew criticism for overlooking environmental impacts.

Industry stakeholders have expressed diverse reactions to President Biden’s moratorium. Some applaud the administration’s commitment to environmental protection, while others warn of potential economic repercussions and lost opportunities in the global energy market.

In my opinion, as a non-US onlooker and LNG trade observer, whoever is in the role must consider both the economic benefits of LNG exports and the imperative to address climate change.

Expert opinions further highlight the complexity of this issue.

Energy analysts argue that while Ms Harris’s policies may slow the growth of the LNG sector, they could foster innovation and investment in cleaner technologies. Conversely, Mr Trump’s approach, though economically aggressive, risked long-term environmental consequences.

The future of US LNG exports hinges on the policy direction set by the nation’s leaders, as shown by the relatively recent decision to re-open US crude oil exports. A Harris presidency would likely prioritise environmental sustainability, potentially constraining rapid industry growth, whereas a return of Mr Trump could revive the aggressive expansion seen during his tenure.

Ultimately, the path forward must strike a delicate balance, ensuring economic prosperity without compromising the planet’s health. As stakeholders and policymakers navigate this complex landscape, the need for a nuanced and comprehensive energy strategy becomes increasingly evident.

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