Biden Administration Pauses LNG Exports

The Biden administration has announced a temporary pause on pending Department of Energy (DOE) authorizations for liquefied natural gas (LNG) exports to countries without a free trade agreement with the United States. This decision has sparked controversy as it aligns with the administration's climate and economic goals. The pause does not affect existing permits or construction, and the duration of the pause is yet to be determined. While this may be seen as a win for environmentalists, the impact on US natural gas consumption is minimal, as LNG exports represent only 0.7% of total consumption.