The writer is global research scholar at the Center on Global Energy Policy at Columbia University and former head of gas analysis at BP As Donald Trump prepares to return to the White House, many aspects of the global gas market have changed dramatically since his first term. And the policies of his new administration will bring further change. Just how much depends on the push and pull of a complex interplay of forces in this critical market.
The European Commission’s president Ursula von der Leyen seems open to the idea. At the same time though, some of Trump’s policy intentions point to a decline in US LNG exports to Europe. First, Trump’s plans to impose tariffs on goods imported into the US could hit European industry and growth. In turn, that would also reduce Europe’s energy consumption and impact its future needs of US gas.