USTDA: US to invest in energy projects abroad to boost exports

Thomas Hardy (Acting Director of the U.S. Trade and Development Agency, USTDA) said that the U.S. Government is interested in investing in energy projects across Africa, Latin America and Asia, which could lead to increased U.S. exports.

Hardy said on the sidelines CERAWeek that "our approach is to look at all energy projects, and not be hamstrung only by renewables like it happened in the past four years."

He said that the USTDA met with government and energy company representatives in Latin America and Africa, as well as in the Indo-Pacific region, to identify investment opportunities in order to promote U.S. businesses and create jobs.

Hardy stated that the USTDA was subject to the Agency Pause and Review by the Department of Government Efficiency, but would be able to pursue projects in line with the President Donald Trump’s energy dominance program as soon as this freeze is lifted.

The U.S. has the largest oil and natural gas production in the world and is also the top exporter of LNG. (Reporting and editing by Margueritachoy in Houston)

(source: Reuters)