Biden's LNG Export Facility "pause" - Note from Art Berman
Posted: Mon Feb 12, 2024 9:42 am
Note from Art Berman 2-11-2024
"There’s a good chance that the Biden Administration’s announcement to pause LNG export approvals was politically motivated as it tries to make a climate statement ahead of the 2024 U.S. elections. There is an equal probability that opposing viewpoints are similarly designed to produce negative press for Biden and his party.
In the final analysis, the pause announcement and subsequent debate are irrelevant.
The “pause” applies only to “pending decisions on exports of Liquefied Natural Gas (LNG) to non-FTA countries.” Already-approved projects will add 28 bcf/d of capacity even if all pending decisions are canceled. That almost doubles existing U.S. export capacity."
From Art's Blog: https://www.artberman.com/blog/the-lng-export-pause-is-irrelevant/
"There’s a good chance that the Biden Administration’s announcement to pause LNG export approvals was politically motivated as it tries to make a climate statement ahead of the 2024 U.S. elections. There is an equal probability that opposing viewpoints are similarly designed to produce negative press for Biden and his party.
In the final analysis, the pause announcement and subsequent debate are irrelevant.
The “pause” applies only to “pending decisions on exports of Liquefied Natural Gas (LNG) to non-FTA countries.” Already-approved projects will add 28 bcf/d of capacity even if all pending decisions are canceled. That almost doubles existing U.S. export capacity."
From Art's Blog: https://www.artberman.com/blog/the-lng-export-pause-is-irrelevant/