Biden Urged to Reverse LNG Pause by Global Business Groups
- Energy Department on Friday halted approvals of new plants
- US will study effect of exports on climate change, economy
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Business organizations from the US, Europe and Japan called on the Biden administration to reverse a decision to freeze approvals of new licenses for liquefied natural gas export facilities.
“With numerous forecasts projecting global natural gas demand to rise well into the next decade, additional supplies of LNG will be needed to supply world markets,” the US Chamber of Commerce, BusinessEurope and Japan’s Keidanren said in a joint letter to President Joe Biden. “We know this demand can be met in a manner that continues progress on emissions reductions.”