Global companies eye more US investment as Trump touts energy dominance

By Georgina McCartney and Arat Som “

Houston (Reuters) – US President Donald Trump Protection Policy has not weakened the interest of foreign investment in the US energy industry, said the leaders this week, as they praised the “BOSSIL fuel”.

Trump is energy dominated by the column of its control, announcing a national energy emergency in its first day and dragging the United States from the Paris Climate Agreement. He urged energy companies to promote the production of fossil fuels and promised to lower the prices of consumers.

The US oil and gas industry, which has focused on returning the capital to the shareholders, has widely welcomed the energy position of Trump, although low prices usually damage the company’s latest lines. Foreign companies have resorted to DOES BEFORE IN THE NEW USA.

In early March, oil prices fell at a low level of three years. On Monday, Brent Brent Crude Futures set at $ 70 per barrel because investors were worried about the trading war.

Foreign energy companies see the opportunity in the energy policy of the enormous natural resources and Trump. Their interest follows the slow expenses of the United States, as investors are pushing companies to focus than explosive growth.

On Tuesday, the United Arab Energy Company noted that it is aimed at investing significantly in its full international investment arm XRG in the coming months, which has about $ 80 billion in active.

“Investment in the United States through XRG is not a priority. It is absolutely imperative, “said Adnoc CEO Sultan Al Aber.

He said that these investments would include the supply of natural gas. The UAE is a member of the organization of oil exporters.

Australian oil and gas stated also said that it is planned to increase its contribution to the United States, citing the energy policy of the Trump administration. This may include his fragile oil project in the future capital Alaska.

Last year, Australian company Woodide Energy has acquired the liquefied natural gas company Tellurian and plans to invest a final investment in LNG Export Program in Louisian this year. The company recently acquired ammonia plant at Beaumont, Texas.

Santos attended US Energy Secretary Chris Wright with dinner on Sunday evening from other major oil and gas companies. Wright promised to accelerate permission and support industry.