Close Menu
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

What's Hot

Ryft Used This Pitch Deck to Raise $8 Million From Index, Bessemer

July 9, 2025

Microsoft, Novata Team Up to Scale AI-Powered Sustainability Tools for SMEs Globally

July 9, 2025

French warned of high-risk summer for wildfires as Marseille blaze contained | France

July 9, 2025
Facebook X (Twitter) Instagram Threads
Oil Market Cap – Global Oil & Energy News, Data & Analysis
  • Home
  • Market News
    • Crude Oil Prices
    • Brent vs WTI
    • Futures & Trading
    • OPEC Announcements
  • Company & Corporate
    • Mergers & Acquisitions
    • Earnings Reports
    • Executive Moves
    • ESG & Sustainability
  • Geopolitical & Global
    • Middle East
    • North America
    • Europe & Russia
    • Asia & China
    • Latin America
  • Supply & Disruption
    • Pipeline Disruptions
    • Refinery Outages
    • Weather Events (hurricanes, floods)
    • Labor Strikes & Protest Movements
  • Policy & Regulation
    • U.S. Energy Policy
    • EU Carbon Targets
    • Emissions Regulations
    • International Trade & Sanctions
  • Tech
    • Energy Transition
    • Hydrogen & LNG
    • Carbon Capture
    • Battery / Storage Tech
  • ESG
    • Climate Commitments
    • Greenwashing News
    • Net-Zero Tracking
    • Institutional Divestments
  • Financial
    • Interest Rates Impact on Oil
    • Inflation + Demand
    • Oil & Stock Correlation
    • Investor Sentiment
Oil Market Cap – Global Oil & Energy News, Data & Analysis
Home » Secretaries Wright, Burgum Join JERA and U.S. LNG Producers to Finalize Agreements Expected to Add over $200 Billion to U.S. GDP
U.S. Energy Policy

Secretaries Wright, Burgum Join JERA and U.S. LNG Producers to Finalize Agreements Expected to Add over $200 Billion to U.S. GDP

omc_adminBy omc_adminJune 11, 2025No Comments5 Mins Read
Share
Facebook Twitter Pinterest Threads Bluesky Copy Link


WASHINGTON— U.S. Secretary of Energy Chris Wright and Secretary of the Interior Doug Burgum, vice-chair and chair of the National Energy Dominance Council (NEDC) respectively, today joined Yukio Kani, global CEO and chairman of JERA Co., Inc. and representatives from several U.S. LNG producers to announce the finalization of four 20-year agreements between JERA and U.S. companies to purchase up to 5.5 million tons per year of American LNG. The agreements, which are projected to support more than 50,000 U.S. jobs and add more than $200 billion to U.S. GDP according to S&P Global analysis, underscore President Trump’s efforts to unleash American LNG production and the significant role the U.S. LNG industry plays in strengthening the U.S. economy and bolstering global energy security.

The agreements include sales and purchase agreements with NextDecade Corporation and Commonwealth LNG, and heads of agreements with Sempra Infrastructure and Cheniere Marketing LLC, to purchase LNG from America’s Gulf Coast. The announcement is yet another major milestone for President Trump’s commitment to increase investment in the U.S. and unleash American dominance.

“Today’s announcement of investments in American energy that will unlock nearly a quarter trillion dollars in U.S. GDP is a massive milestone and a bold demonstration of President Trump’s leadership,” said Secretary Wright. “More than 50,000 jobs, tens of billions of dollars in new LNG export infrastructure, and a more secure energy future is just around the corner because we have a President who prioritizes our nation’s prosperity and energy security. This is another powerful example of the growth of the U.S. LNG export industry over the past decade, which is a boon to our allies around the world who seek to expand trade with the U.S. while supporting their own energy security.”

“This investment is a message to the world that American LNG is back thanks to President Trump and we’re leading on the world stage,” said Secretary Burgum. “I am proud to join Secretary Wright and JERA CEO Yukio Kani to celebrate this commitment that will bring in almost a quarter trillion dollars to our nation’s economy and support over 50,000 American jobs for our country’s LNG industry. America is no longer begging for foreign energy – we’re producing it cleaner, smarter, better, and more reliably than the rest of the world.”

“Today represents a true win-win and we want to thank President Trump for his leadership and commitment to unleash American energy – both of which were essential to completing these Agreements,” said Yukio Kani, Global CEO and Chairman of JERA Co., Inc. “They reflect a strong commercial partnership between the U.S. and Japan, strengthen Japan’s energy security and reaffirm the U.S.’s leading role in the global LNG market. We look forward to continuing our work with the President, Secretaries Burgum and Wright, and their teams, in partnership with the Government of Japan and the Ministry of Economy, Trade and Industry, on shared energy goals moving forward.”

BACKGROUND:

President Trump and Secretary Wright have been hard at work to expand U.S. LNG exports by removing regulatory burdens left by the previous administration. With President Trump’s leadership, the DOE acted on day one to resume the consideration of pending applications to export LNG to countries without a free trade agreement (FTA), in accordance with the Natural Gas Act. Under President Trump, Secretary Wright has approved approximately 106 (mpt/a) in non-FTA export projects, which ranks higher than the current LNG export capacities of the second largest global exporter. The DOE removed regulatory barriers blocking LNG exports, including rescinding a Biden-era policy statement that required LNG exporters to meet strict criteria before the agency would request to extend a commencement date for an approved project. In May 2025, the DOE finalized the 2024 LNG export study showing key findings, including that the United States has a robust natural gas supply; exports increase GDP, expand jobs, and improve trade; and LNG exports improve national security.

To fulfill President Trump’s Energy Dominance agenda, Secretary Burgum is cutting red tape and empowering energy producers in the Gulf of America to drill more than ever before. In Q1 of 2025, the Department of the Interior announced the disbursement of approximately $353.6 million in energy revenues to the four Gulf of America oil- and gas-producing states – Alabama, Louisiana, Mississippi, and Texas, and their coastal political subdivisions such as counties and parishes. In a significant step forward for American energy production, the Department of the Interior is boosting offshore oil output in the Gulf of America. New scientific studies from the Department of the Interior have found that there is 7.15 trillion cubic feet of natural gas in the Gulf of America—a 22.6 percent increase in remaining recoverable reserves. In May, the Department of Interior issued an amended bonding financial assurance rule, which will free up billions of dollars for American energy producers to use to lease, explore, drill, and produce oil and gas in the Gulf of America while protecting American taxpayers against high-risk decommission liabilities.

President Trump’s One Big Beautiful Bill will help advance this project by expediting permitting for critical infrastructure projects, including LNG export terminals.

For more information on this announcement and President Trump’s efforts to unleash American LNG exports click here to view a fact sheet.

###

 



Source link

Share. Facebook Twitter Pinterest Bluesky Threads Tumblr Telegram Email
omc_admin
  • Website

Related Posts

Ryft Used This Pitch Deck to Raise $8 Million From Index, Bessemer

July 9, 2025

I Was Laid Off From My Tech Job — Now I’m Pursuing a Career in Welding

July 9, 2025

Why This $2 Billion VC Firm Hasn’t Lost a Single Partner in 22 Years

July 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

LPG sales grow 5.1% in FY25, 43.6 lakh new customers enrolled, ET EnergyWorld

May 16, 20255 Views

South Sudan on edge as Sudan’s war threatens vital oil industry | Sudan war News

May 21, 20253 Views

Trump’s 100 days, AI bubble, volatility: Market Takeaways

December 16, 20072 Views
Don't Miss

Microsoft, Novata Team Up to Scale AI-Powered Sustainability Tools for SMEs Globally

By omc_adminJuly 9, 2025

Expanded Access: Microsoft will become a core sales partner for Novata, broadening SME access to…

Executives Reveal Where They See Henry Hub Price Landing in Future

July 9, 2025

U.S. production growth to slow amid drilling decline, says EIA

July 8, 2025

Petralon to boost Nigerian offshore production by 2,500 bpd

July 8, 2025
Top Trending

French warned of high-risk summer for wildfires as Marseille blaze contained | France

By omc_adminJuly 9, 2025

EU to Develop Nature Credits Market to Fund More Sustainable Agriculture Practices

By omc_adminJuly 9, 2025

Guest Post – California Climate Disclosure: What We Know After CARB’s First Public Workshop

By omc_adminJuly 9, 2025
Most Popular

The 5 Best Soundbars of 2025

May 6, 20251 Views

Energy Department Lifts Regulations on Miscellaneous Gas Products

May 2, 20251 Views

Ryft Used This Pitch Deck to Raise $8 Million From Index, Bessemer

July 9, 20250 Views
Our Picks

BP Appoints Shell Veteran to Board

July 9, 2025

Mol Eyes Ukraine Port Access to Phase Out Russian Oil

July 9, 2025

Petronas Ships First Cargo from LNG Canada to Japan

July 9, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2025 oilmarketcap. Designed by oilmarketcap.

Type above and press Enter to search. Press Esc to cancel.