Four months after the Biden’s administration decided to pause permitting approval for LNG exports, experts have continued to emphasize the policy’s damaging effects on the American economy and allies’ energy security. Speaking this month at the Qatar Economic Forum in Doha, Ken Griffin, CEO of hedge fund Citadel, said that the decision was an “incoherent”
The Biden Administration recently announced a temporary pause on the Department of Energy approving new U.S. LNG export projects that the United States does not have a Free Trade Agreement with – an announcement that received immediate criticism from elected leaders, foreign officials, industry leaders, and energy policy experts alike. These officials universally argued that
Democratic lawmakers are citing a not yet peer-reviewed or published study from a biased researcher with a history of flawed work to justify their calls to stop permitting new LNG export facilities in the United States. The research from Cornell University Professor Bob Howarth claims that when considering the lifecycle emissions of LNG, natural gas
Energy research firm Rystad Energy forecasts a need for “rapid growth” in natural gas supply in order to meet continuing global gas demand, even as the U.S. Energy Information Association (EIA) reports that the United States broke records in natural gas exports in the first six months of 2023. New Natural Gas Production Needed to
U.S. natural gas production maintains a steady level of output of near highs for the year, despite lower prices as producers look at increasing international demand for American energy resources. Production is forecasted to average 100.9 billion cubic feet per day (bcf/d) – a 3 percent increase from 2022 – even as gas futures decreased
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The Energy Information Administration’s 2023 Annual Energy Outlook (AEO) projects U.S. energy production to remain high, exports to grow, and natural gas consumption to remain stable as renewable energies integrate onto the grid through 2050. The combination of increased energy efficiency, including upgrades from simple cycle natural gas turbines to combined cycle natural gas turbines,
The European Union continues to place its confidence in natural gas, announcing it will increase its number of LNG import terminals from 27 to 35 by next year. The recent announcement by Vice-President of the European Commission, Maroš Šefčovič, will significantly increase the EU’s regasification capacity from 178 billion cubic meters a year (bcm/year) to
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