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Biden LNG Export Permit Pause Ignites Fiery Industry Reaction

Climate activists say it’s a victory for US households.
Biden LNG Export Permit Pause Ignites Fiery Industry Reaction
An LNG tanker is guided by tug boats at the Cheniere Sabine Pass LNG export unit in Cameron Parish, La., on April 14, 2022. Reuters/Marcy de Luna
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President Joe Biden and his administration impressed climate activists and irked former President Donald Trump and the energy industry by announcing a Jan. 26 pause on pending and future liquefied natural gas (LNG) export permit approvals.

White House officials want to embark upon a months-long evaluation of the environmental and economic effects of the LNG shipments. The decision has already morphed into a hot political issue heading into the 2024 election campaign, with President Trump promising to approve new projects on his “very first day back” and the industry warning of the method’s consequences.

Economics of LNG

Since the announcement, there has been a divergence in the reaction from energy industry leaders and climate organizations.
Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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