International Gas Union’s Post

Unpacking the misconceptions surrounding the DOE's LNG update The Department of Energy (DOE) evaluates various factors to determine whether to authorize domestic natural gas exports as liquefied natural gas (LNG) to non-Free Trade Agreement (FTA) countries, with recent updates being made to economic and environmental analyses. Given the significant growth in LNG export capacity since 2018, the DOE has paused review of pending export applications to ensure up-to-date assessments align with evolving market dynamics and potential impacts on the economy, national security, and environment. Read more here! https://lnkd.in/gnhxQJaD

Biden’s #LNG pause is a short-term gambit 👉 Economic and environmental re-assessments of whether US LNG exports are in the public interest could well show the commodity in a better light than the studies conducted in 2018 and 2019 👉 https://lnkd.in/dupyKwRM #GasPathways #energy

The recent pause on new LNG export licenses by the Biden administration has sparked a fiery debate 🔥. Industry leaders, including EQT Corporation CEO Toby Rice, called it a "political stunt" that risks higher emissions and global energy security 🌍. ExxonMobil CFO Kathy Mikells echoes this, suggesting it's a step back for net-zero ambitions 🚫🌱. A bipartisan group of lawmakers, including Democrats from gas-rich states like Texas and Alaska, are pushing back, urging a rethink to avoid bolstering foreign energy giants and compromising U.S. energy security 🔒. Despite this, some analysts see a silver lining, noting the LNG market could absorb this pause without much disruption, thanks to a surplus of projects under construction 🏗️. The tension highlights the delicate balance between fostering clean energy transitions and maintaining energy security and market stability 🌈⚖️. As the debate heats up, it's clear that the path to a sustainable energy future is fraught with complex challenges and critical decisions 💡🔍. #EnergyPolicy #LNGExports #CleanEnergy #NetZero #EnergySecurity #USPolitics #GlobalEnergy

SWIFT REACTION TO BIDEN Reaction to the U.S. Decision to Pause LNG Export Reviews - https://hubs.la/Q02hWPzr0 The U.S. on Friday paused approvals of pending and future permits to export liquefied natural gas (LNG) to non-Free Trade Agreement countries, the biggest buyers of the U.S. fuel, to allow the Department of Energy to review LNG climate impacts. Environmentalists praised the move as long overdue. But the companies waiting for the U.S. to green light licenses to export LNG say it introduces uncertainty in customers view of U.S. supplies and could lead to use of dirtier fossil fuels. #oilandgascompanies #lng #naturalgas #oilgas #politics #bidenadministratration #usa

The #LNG export market represents a HUGE step forward for the American economy & an important new source of demand for the #USD in global trade. Casting doubt on whether the US private sector will be allowed to meet foreign LNG demand impacts (1) the willingness of domestic firms to invest in expanding export infrastructure, (2) the cost of capital for firms which do decide to invest in export infrastructure, (3) willingness of potential foreign buyers to commit to using LNG, & (4) confidence in America among foreign Allies & partners as a reliable partner.

Biden’s #LNG pause is a short-term gambit 👉 Economic and environmental re-assessments of whether US LNG exports are in the public interest could well show the commodity in a better light than the studies conducted in 2018 and 2019 👉 https://lnkd.in/g2xr4Xbn #GasPathways #energy

CSIS, THE thinktank of all thinktanks, provides a series examining implications of the LNG export boom. A great read and illustration on the US domestic natural gas boom fueling the world via #lng #exports and defining national interests.

Biden’s Pause on New LNG Export Permits Could Last for Months President Biden's decision to halt new liquefied natural gas (LNG) export permits has sparked a significant debate over the future of the U.S. energy sector. The pause, aimed at reassessing the environmental impact of such projects, is anticipated to endure for months, creating uncertainty within the industry. The move aligns with Biden's commitment to addressing climate change and transitioning towards cleaner energy alternatives. Critics argue that the pause could stifle economic growth and hinder the United States' position in the global energy market. LNG exports have played a pivotal role in bolstering the nation's energy independence and generating revenue through international trade. During this hiatus, industry stakeholders, environmental advocates, and policymakers are engaged in discussions to shape the future of LNG exports in the United States. The outcome of these deliberations will not only influence the energy landscape but also serve as a testament to the government's commitment to sustainable practices in the face of global climate challenges. #PGE301 #energy