The Biden administration will pause new gas export projects
The Biden administration announced a pause on new gas export projects today, saying it needs to better assess each project’s economic and environmental impact. The decision won’t affect ongoing exports, just pending decisions on liquified natural gas (LNG) exports to countries with which the US has no free trade agreement.
“During this period, we will take a hard look at the impacts of LNG exports on energy costs, America’s energy security, and our environment,” Biden said in a statement today. “This pause on new LNG approvals sees the climate crisis for what it is: the existential threat of our time.”