Monday 3 July 2017

In Warsaw, Trump to promote US natural gas exports: Cohn

On his way to the G20 summit in Germany, Trump is slated to speak in Poland - which received its first shipment of US liquefied natural gas (LNG) this month - to a group of leaders eager to reduce their dependence on Moscow for energy.

"There are people who use supply almost as a political weapon, in threatening to cut off supply in the coldest parts of the year - in the winter, when people need gas to heat their homes," Gary Cohn, director of the White House National Economic Council, said in an interview.
"Our intention is to be a force for good and make gas readily available for anyone who needs it," Cohn said.
Moscow cut off gas shipments during pricing disputes in 2006 and 2009, causing shortages during winter months in Ukraine and many other European nations.
The United States has looked at boosting its LNG exports for years, since drilling advances vastly expanded its domestic supplies.
The Trump administration sees growth in LNG exports as a way to reduce trade deficits with other nations and expand the economy.
Trump is set to outline his plans to help expand natural gas production and expedite LNG exports in a speech in Washington on Thursday.

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