21 April | Gas | Oil

US Interior Department to begin taking public input for new offshore gas field development

US Interior Department to begin taking public input for new offshore gas field development

Donald Trump plans to increase US energy production. He believes that past administrations had unnecessarily limited drilling in order to combat climate change. The new president has another opinion on the matter and intends to unlock the full potential of American offshore production, Reuters reports.

The US Interior Department is drafting a new five-year leasing program, taking public input for offshore oil and gas development projects, but has not yet disclosed specific locations or timelines for these projects. However, the upcoming auction could include sites in the Arctic and expansive areas along the Atlantic and Pacific coasts, according to Reuters.

As the agency recalls, under the administration of former US President Joe Biden, mining in these regions was prohibited. Trump canceled the order shortly after taking office, arguing that it was necessary to utilize as much of the country's resources as possible.

Elena Berseneva MarketCheese
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