EXCLUSIVE — The Trump administration is moving to overhaul federal pipeline and fuel transportation rules in an effort to lower energy costs, a package of changes the Transportation Department says will save the industry more than $600 million annually without compromising safety standards.

Transportation Secretary Sean Duffy announced Monday that the department’s Pipeline and Hazardous Materials Safety Administration has finalized two major rules and adopted a new enforcement policy aimed at reducing regulatory costs tied to moving energy products across the country.