Eazy in Way - Biden to Stand Fast on LNG-Permit Halt, Energy Chief Signals Biden to Stand Fast on LNG-Permit Halt, Energy Chief Signals

Biden to Stand Fast on LNG-Permit Halt, Energy Chief Signals

Published: November 16, 2024
The Biden administration is putting a hold on all new natural gas export permits until after President-elect Donald Trump takes office at the end of January, as confirmed by Energy Secretary Jennifer Granholm. The delay is due to an ongoing study assessing the environmental, economic, and national security impacts of U.S. liquefied natural gas (LNG) exports, which will not be completed in time for the outgoing administration to take action based on its findings. This scenario may complicate the incoming administration's LNG policies, which are expected to favor a rapid increase in export licenses. The administration's stance reflects a commitment to rigorous review under federal law, requiring that gas-export licenses align with the public interest. House Republicans have criticized this approach, arguing that it could hinder Trump's energy agenda and prevent timely advancements in notable LNG projects stalled by the Biden administration. They are calling for a halt to further studies and additional regulatory measures as part of the transition process. Expert opinion suggests that this situation reveals ongoing tensions between environmental priorities and energy production expansion. The delay in permitting could contribute to uncertainties in the LNG market, affecting investment and project timelines. Moreover, if the Biden administration's findings impact future license approvals, it could lead to a protracted legal and regulatory battle over energy policy in the U.S., emphasizing the importance of balancing energy independence with environmental stewardship.

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