Biden’s LNG-Export Study Presents ‘Speed Bump’ for Trump
- Study finds more US exports threatens higher global emissions
- Trump has vowed to end a moratorium on new LNG permits
The study found increased exports would raise natural gas prices for a range of domestic consumers.
Photographer: Mark Felix/BloombergThe Biden administration released a key study Tuesday that is likely to complicate President-elect Donald Trump’s plans to quickly approve more exports of liquefied natural gas.
The study, which analyzed the economic, environmental and other costs of such shipments, found increased exports would raise natural gas prices for a range of domestic consumers. The price gains were seen as high as 30% in one scenario that examined “unfettered exports,” according to a summary of the study released by the Energy Department. In addition, the study also found higher exports would be more likely to displace renewable energy, rather than coal, and would lead to an increase in global emissions.