The White House has made official what we warned you about yesterday (see Biden Attacks NatGas by Blocking 17 U.S. LNG Export Terminals). This morning, the Biden administration announced it has put “a temporary pause on pending decisions of Liquefied Natural Gas exports.” The reason? The so-called “climate crisis” is “the existential threat of our time.” Which connotes that LNG is, at least in part, causing the climate crisis (a crisis that doesn’t actually exist!). There are 17 multi-billion-dollar LNG export projects with applications before the Dept. of Energy that will now, at a minimum, be delayed. We expect many of them will get canceled. Biden has just declared war on LNG exports.
