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Repsol says Trump's gas policies will help lower prices
Published by Global Banking and Finance Review
Posted on February 20, 2025
2 min readLast updated: January 26, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on February 20, 2025
2 min readLast updated: January 26, 2026
Repsol's CEO anticipates Trump's gas policies will increase LNG exports, lower prices, and reduce carbon emissions, benefiting global markets.
MADRID (Reuters) - The chief executive of Spanish oil company Repsol said on Thursday he expected U.S. President Donald Trump's energy policies would have a positive impact on the gas industry including increased output and lower prices.
"The new licenses to export LNG are going to increase demand," Josu Jon Imaz, whose company produces gas in the United States, said in a call with investors.
The increased supply will help bring gas prices down globally thus bolstering European heavy industry which relies on gas for energy, he said.
Trump ordered a lifting of the freeze on LNG export approvals the day he came into office for a second time on January 20 and the U.S. Energy Department started granting new licenses last week.
Former President Joe Biden had paused the issue of new licenses early last year.
Imaz said cheaper gas would also lead to lower carbon emissions as it would help countries in the Global South to switch from coal to gas-fired power plants.
The U.S. is trying to increase its LNG exports to help reduce Europe's dependency on Russian gas after Moscow's invasion of Ukraine three years ago.
(Reporting by Inti Landauro, editing by Andrei Khalip and Susan Fenton)
Repsol's CEO, Josu Jon Imaz, expects that Trump's energy policies will positively impact the gas industry by increasing demand through new LNG export licenses.
The increased supply from new LNG exports is expected to lower gas prices globally, which will benefit European heavy industries that rely on gas for energy.
Former President Joe Biden had paused the issue of new LNG export licenses early last year, which Trump lifted on his first day back in office.
Imaz mentioned that cheaper gas would lead to lower carbon emissions by enabling countries in the Global South to transition from coal to gas-fired power plants.
The U.S. aims to increase its LNG exports to reduce Europe's dependency on Russian gas, especially following Moscow's invasion of Ukraine.
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