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LNG Industry Mounts Lobbying Blitz amid Upcoming Regulations

LNG

The LNG industry has begun intensifying its lobbying efforts as the Biden administration is set to unveil new plans for environmental scrutiny, according to Bloomberg.

  • The new regulations could be announced by the end of this week, according to Bloomberg.
  • Any significant changes to how the Energy Department reviews licenses to export LNG could disrupt development of LNG terminals, hampering US export opportunities.
  • The US is now the largest LNG exporter, but environmentalists are concerned the growth in the industry will create further emissions.
  • However, the industry is looking to fend off overbearing regulation, emphasising that a cut in expansion will lead importers to turn to dirtier fuels such ss coal.

Source: Bloomberg

Source: Bloomberg

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