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US LNG Applications Face Potential Delays

LNG

The Biden administration intends to announce its plans surrounding environmental scrutiny over natural gas export applications on Friday.

  • Biden will ask the Energy Department to halt application reviews allowing time for officials to better factor in the long-term climate impacts of expanded LNG exports according to Bloomberg sources.
  • The review could result in a dispute over what constitutes public interest – giving weight to climate concerns over project applications.
  • The pause is set to apply only to applications now awaiting review at the Energy Department.
  • “Any action to halt US LNG export approvals would be a major mistake that puts American jobs and allies at risk while undermining global climate goals,” nearly three dozen oil and gas groups said in a letter Wednesday to Energy Secretary Jennifer Granholm.
Energy BulletsCommodities
Energy BulletsCommodities

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