Biden administration announced on Friday that it will pause approval of new liquified natural gas (LNG) exports.
“My Administration is announcing today a temporary pause on pending decisions of Liquefied Natural Gas exports–with the exception of unanticipated and immediate national security emergencies. 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. This pause on new LNG approvals sees the climate crisis for what it is: the existential threat of our time,” President Joe Biden said in a statement.
