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Liquefied Natural Gas Is All the Rage in the Trump Administration

  • Gary Cohn said U.S. would step up approvals of LNG projects
  • Energy Secretary Rick Perry said more U.S. LNG exports needed
Bloomberg business news

Rick Perry Says Golden Pass LNG Plant Will Create Jobs

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The White House has a new darling in the energy sector: liquefied natural gas.

First Gary Cohn -- President Donald Trump’s top economic adviser -- voiced support for a terminal in the U.S. Northwest that would send tankers full of LNG to Asia. Then Tuesday, Energy Secretary Rick Perry praised an export terminal proposed by Exxon Mobil Corp. and Qatar Petroleum in Texas that, he said, will create about 45,000 jobs during construction and position the U.S. as the “dominant exporter” of LNG to the world. His agency had approved the project for shipments earlier in the day.