Here Are the LNG Projects Set to Advance If Trump Lifts Freeze
- Reversing Biden’s licensing pause clears DOE to give approvals
- Several major natural gas export projects could move ahead
Pipelines at a liquid fuel terminal in Carteret, New Jersey.
Photographer: Bing Guan/BloombergThis article is for subscribers only.
President-elect Donald Trump has vowed to lift the Biden administration’s moratorium on new permits to export liquefied natural gas on his first day in office next week. The promised reversal is key for a number of US projects hanging in the balance.
The Energy Department issues export licenses to sell LNG abroad. Companies need the permits in order to sell to buyers in Europe and China and to secure financing to build multibillion dollar LNG projects that take years to complete. With Europe’s decades-long gas transit agreement expiring in Ukraine earlier this month, a supply gap in the global market has opened. It could be filled with US LNG.