Posted 3/15/2024, 8:01:22 AM
Biden Permit Delays Stall US LNG Projects, Risk Losing Buyers to Mideast Rivals
- Biden administration pause on LNG licenses stalling new projects and deals
- Buyers like Petronas and Jera reluctant to sign long-term deals until licenses approved
- Delays threatening projects planned by Venture Global, Sempra, Commonwealth LNG
- Puts US at risk of losing market share to competitors like Qatar and UAE
- Lack of licenses blocking financing from banks needed for projects to proceed