Biden’s Halt on Natural Gas Licenses Strands Would-Be Exporters in Limbo
- Terminal projects seeking export licenses left high and dry
- Applicants now face unknown delay, uncertain path forward
More than a dozen companies were in the queue for federal permission to send the fuel to some of the world’s biggest buyers.
Photographer: Mark Felix/BloombergThis article is for subscribers only.
The White House freeze on new natural gas-export licenses starkly divides terminal developers into two camps: those who can move forward with multi-billion-dollar investments and those stuck in limbo.
More than a dozen companies poised to liquefy natural gas for shipment overseas were in the queue for federal permission to send the fuel to some of the world’s biggest buyers when the Energy Department called a halt to new approvals.