Handelsblatt reports that Scholz, Germany's Scholz, welcomes the U.S. energy policy turnaround

The German newspaper Handelsblatt reported that German chancellor Olaf Scholz welcomed U.S. president Donald Trump's plans to increase oil and gas exports. He said it was good for Europe and Germany.

Scholz stated in an interview that the move will help with the transition towards climate neutrality. This phase would last until the middle of this century.

The chancellor stated that "more supply on the market will mean lower energy prices".

Scholz praised Trump's desire to build new terminals of liquefied gas (LNG), which his predecessor Joe Biden had not done. Scholz stated that he has always been against stopping the expansion LNG terminals within the United States.

Scholz, however, said that he regretted Trump’s executive order from last week withdrawing from the Paris Climate Agreement.

Scholz added that Germany would continue to pursue its climate policy.

The social democrat chancellor also criticized his conservative opponent in Germany, Friedrich Merz for his position on the ongoing immigration debate. (Reporting and editing by Clelia oziel, Andreas Rinke and Emma-Victoria Farr)

(source: Reuters)