ConocoPhillips CEO Calls for US to End LNG Permit Pause in November
- Executive says freeze on US licenses should end after election
- Ryan Lance criticizes policy for driving down activity
Ryan Lance, chairman and chief executive officer of ConocoPhillips Inc., in 2023.
Photographer: F. Carter Smith/BloombergThe Biden administration’s pause on liquefied natural gas export licenses needs to end after November’s presidential election, said Ryan Lance, chief executive of ConocoPhillips, the Houston-based oil and gas producer with a growing LNG business.
“Customers are getting uncertain about where the future stands and producers of gas are saying, ‘Am I going to have an outlet for my gas?’ ” Lance said in a Bloomberg TV interview Monday. “So it’s leading to lower levels of activity — current prices driving that as well — and if you continue with the pause, then you’re feeding the next cycle that means higher gas prices coming as a result of trying to pause this for too long.”