Commentary
The recent Arctic blast was great for natural gas demand, but last Friday it shocked me that the Biden administration halted approval for new licenses to export liquified natural gas (LNG) due to concerns about climate change and national security. Specifically, President Joe Biden said, “We will take a hard look at the impacts of LNG exports on energy costs, America’s energy security, and our environment. This pause on new LNG approvals sees the climate crisis for what it is: the existential threat of our time.”
