New US President Donald Trump gave guarantees on the security of future LNG supplies to Europe during a characteristically straight-talking video address at Davos this afternoon.
Despite only being three days into the job, his wide-ranging 45-minute presentation reminded delegates and the world listening in online of his bold leadership style and desire to act decisively, following on from the slew of executive orders that were signed on the first day.
Responding to a question from Patrick Pouyanne, Chairman of TotalEnergies, the fourth largest oil and gas company, he said, “If you make a deal, we make a deal – you get it,” he said.
Trump went on to talk about two plants in Louisiana which were bogged down by permits. “They were in review for years,” he said. “It was a total investment of $25-30bn – and I got them done in less than a week. It was the right thing to do for the US and the world. So what I’d like to see is rapid approvals. The big problem is we need double the energy we currently have in the US. We’re going to make it so that plants will have their own electric generating facilities and they don’t have to worry about a utility.”
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