Biden Pauses New LNG Export Approvals, Drawing Ire from Politicians and Praise from Environmentalists
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The Biden administration announced a pause on approvals for new LNG export projects to non-free trade countries, drawing backlash from politicians but praise from environmental groups.
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The pause impacts 12 proposed projects that would increase emissions equal to 223 coal plants per year. The administration wants to update analyses on costs and emissions.
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The U.S. became the world's top LNG exporter in 2022, with exports hitting a record high in November 2022. Over 90% of U.S. LNG goes to non-free trade countries.
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The administration acknowledged climate concerns but said there is still a long runway for export growth from existing approvals. Critics argue LNG exports reduce emissions by displacing coal.
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The U.S. is still likely to remain the top LNG exporter given significant expected growth in export capacity, though the policy introduces uncertainty for future projects.