The outgoing Democratic administration billed the new sanctions as the most significant to date against Moscow’s oil and liquefied natural gas sectors, the driver of Russia’s economy.

Venture Global Inc., one of the biggest suppliers of liquefied natural gas in the U.S., filed for what could be one of the largest initial public offerings of 2025.

Trump said on Truth Social that if the European Union does not up its imports, "it is TARIFFS all the way!!!" The U.S. goods and services trade deficit with the EU was $131.3 billion in 2022.

WASHINGTON — The United States should proceed cautiously as officials consider new natural gas export terminals, Energy Secretary Jennifer Granholm said Dec. 17.

A 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 sources.

The start of output at Plaquemines, the company’s second facility, comes as the LNG producer plans to file for an initial public offering.

The Biden administration won’t decide on any natural gas-export permits before the presidential term ends in late January, Energy Secretary Jennifer Granholm signaled.

The Biden administration is racing to complete a study that could complicate President-Elect Donald Trump’s plan to immediately approve new liquefied natural gas export terminals.

Ships that carry LNG are being built faster than new supplies of the fuel can come to market, helping to lower transport costs and cushioning consumers from paying more for energy this winter.

Liquefied natural gas cargoes are diverting away from Asia to Europe after fears of a wider war in the Middle East sent benchmark Dutch prices rallying.