Repsol says Trump's gas policies will help lower prices
The chief executive of Repsol expects U.S. President Donald Trump's energy policies to increase demand for liquefied natural gas (LNG), leading to higher production and lower prices globally. This shift in supply is particularly beneficial for European heavy industry, which relies heavily on gas for energy. By reducing reliance on Russian gas, the policy aims to mitigate Europe's dependence on Moscow after the 2022 invasion of Ukraine.
- The positive impact of Trump's policies on the gas industry could be seen as a symptom of a broader trend towards de-regulation and market-oriented policies in the United States, potentially with far-reaching implications for global energy markets.
- How will the increased supply of cheap gas affect the environment, particularly in regions where fossil fuels are being replaced by cleaner sources?