Biden Approves More Gas Export Projects as Russia Cuts Supply to Europe
- Project backed by Qatar Petroleum, Exxon gets permit
- Glenfarne’s Magnolia LNG also receives export authorization
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The Biden administration has approved more requests to export U.S. natural gas as it seeks to counteract Russia’s efforts to use the fuel as a weapon against Ukraine’s allies.
Golden Pass LNG, a liquefied natural gas project Qatar Petroleum and Exxon Mobil Corp. are building in Texas, and Glenfarne Group LLC’s Magnolia LNG project planned for Louisiana received Energy Department authorization to ship gas to countries that don’t have a free trade agreement with the U.S. That would include Europe, which has seen its gas prices surge as Russia halted flows to Poland and Bulgaria.