The Biden administration effectively froze the approval process for new plants to export U.S. liquefied natural gas, bowing to demands from environmental groups and angering oil-and-gas companies.
President Biden said Friday the administration will pause export application reviews as it takes stock of the country’s newfound status as the world’s largest LNG exporter.
“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,” he said.
In a call with reporters Thursday previewing the announcement, Energy Secretary Jennifer Granholm said the process wouldn’t affect already authorized exports or gas exports to U.S. allies, including Europe, which has relied heavily on American gas since Russia’s invasion of Ukraine. The Wall /Street Journal
