The Biden administration's pause on new licenses for liquefied natural gas (LNG) exports is causing delays in projects and risking the US market share. This delay has led to at least two exporters postponing investment decisions, with Asian buyers becoming hesitant to commit to US plants. Regulatory uncertainty surrounding the 'pause' is driving up costs and leading to project cancellations, benefiting countries like Russia, Iran, and Qatar. The responsibilities of the Department of Energy (DOE) and the Federal Energy Regulatory Commission (FERC) in evaluating LNG export projects are being questioned amidst the current situation.
What are the responsibilities of DOE and FERC in evaluating proposed #LNG export projects? And what might change after the "pause" given their constraints? New memo by @kevinbookdc, @kyledanish, Michael Catanzaro, and me. https://t.co/nronPtLCGA
This is how a āpauseā effectively becomes a ban- regulatory uncertainty has a chilling effect that drives up cost bc delays are assumed, leading to projects being canceled. The only winners of Bidenās assault on American LNG are Russia, Iran, and Qatar. https://t.co/eR5xlxFGbt
Bidenās LNG Freeze Delaying Projects and Risking US Market Share At least two exporters have pushed back investment decisions Asian buyers are becoming reluctant to sign on to US plants https://t.co/GPfl68Ds0S
The Biden administrationās pause on new licenses for liquefied natural gas exports is already stalling progress for projects that were aiming to come online later this decade https://t.co/kgh8J4FGTV
This Democratic senator says Bidenās climate efforts are falling short ā and young voters are noticing Sen. Jeff Merkley says President Joe Biden should make his pause on new natural gas export permits into a permanent freeze or risk losing the green activists who may beā¦ https://t.co/sWJg3M1s5N
US gas producers embrace well deferrals to manage 2024 supply https://t.co/2u7TD72eDU