Biden Grants First New LNG Approval Since Freezing Permits
- New Fortress Energy receives five-year license to sell LNG
- Climate groups blast White House, permit-pause appeal ongoing
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The Biden administration granted the first liquefied natural gas export license since a federal court overturned a temporary moratorium on issuing permits to ship the fuel.
The US Energy Department granted a five-year license Tuesday to Wes Edens’ company New Fortress Energy Inc., which is developing the small-scale LNG export plant known as Fast LNG offshore near Altamira, Mexico. The approval is key for US LNG export developers to sell LNG globally to countries in Europe, Japan and China.