Biden’s LNG Study to Stop Short of Halting New Exports
[Stay on top of transportation news: Get TTNews in your inbox.]
A highly anticipated study of liquefied natural gas exports by the Biden administration is expected to stop short of saying the approval of more shipments isn’t in the public interest, according to people familiar with the matter.
The study, under way since January, is set to be released as soon as Dec. 17, according to the people, who asked not be named because they weren’t authorized to discuss the matter publicly.
The administration has examined the climate, economic and national security implications of increasing U.S. exports of the fuel. The study also is expected to include analysis of the potential for more shipments to raise U.S. natural gas prices as well as the implications of declining demand in Europe, two of the people said.
RELATED: Biden to Stand Fast on LNG-Permit Halt, Energy Chief Signals
The Energy Department didn’t immediately respond to a request for comment.
Lori Heino-Royer of Waabi discusses the latest developments, breakthroughs and key industry partnerships in autonomous trucking. Tune in above or by going to RoadSigns.ttnews.com.
Biden launched the review while imposing a halt on new LNG export licenses, which followed vehement environmental opposition to planned capacity additions.
President-elect Donald Trump has vowed to end the moratorium on new export terminals on his first day back in the White House. However, should the study find that additional shipments cause more harm than good, or if it adds new conditions to their approval, the new administration’s green-lighting of new projects could be challenged in court.
Export projects proposed by Commonwealth LNG, Energy Transfer and Venture Global LNG have been put in limbo by the Energy Department’s review. The study’s release was reported on earlier by Reuters.
Want more news? Listen to today's daily briefing below or go here for more info:
