Washington has headed the way for a gas revolution, according to a statement released by the White House.
In his first five months as US president, Donald Trump has taken different steps to eliminate unnecessary and heavy barriers that, according to the Administration, could have prevented the country from gaining power.
"Together we are going to start a new energy revolution: the one that will celebrate North American production on North American soil" the statement quoted the president as saying.
According to the announcement, the energy industry is crucial to the US economy and future US economic growth. The energy sector has become the main driver, since it has helped create 6.4 million jobs in the country.
Since 1953, the US has been a net importer of energy, but now it is time to become an exporter. The Liquefied Natural Gas (LNG) revolution in the US means that the country will become a global exporter of energy by 2020.
In parallel, the sale of US gas will contribute to the increase of federal revenues to 118 billion dollars.
"For a long time, energy policy has operated on the basis of false assumptions that the country has been depleting its energy. US innovations and technologies have given the country access to a large amount of energy resources” the statement continues.
The White House website also listed several steps that the US president had undertaken following his inauguration with the goal of kicking off the gas revolution in the United States.
Donald Trump withdrew the US from the Paris Agreement, which sets out measures to reduce greenhouse gas (GHG) emissions.
According to NERA, in 2040, US involvement in the Paris Agreement could have cost the US country at least three trillion dollars. It would also have led, according to the same calculations, to the destruction of 6.5 million jobs in the industrial sector.
In addition, the US president ordered the Environmental Protection Agency to repeal the Clean Power Plan, which had been approved by his predecessor, Barack Obama. It is estimated that the realization of this plan could have generated the growth of electricity rates by 14%.