The LNG ban is creating havoc and is opening the door for Russia. This country needs to guarantee the long term supply of LNG to Europe and the world. Harris-Biden need to correct this. Harris-Biden won't because they are beholden to special interests. It is getting worse.
In January, the
Biden-Harris administration implemented a moratorium on permits to export the U.S.’s liquid natural gas so they could take a “hard look” at the effect the industry was having on the environment and the economy. The moratorium stopped approvals for exports from all U.S. LNG projects.
U.S. Energy Secretary Jennifer Granholm promised at that time the pause would be over “in a matter of months,” but nine months later, the uncertainty that it caused became deep and profound. The uncertainty is less worrisome in the near term than in the future because the energy industry doesn’t plan its business for what will happen in the next two or three months. It plans its business, similar to agriculture, now for the next ten, even twenty years.
So where will these countries purchase their LNG’s going forward?
The answer is Russia.
The Biden-Harris administration's pause on exports of liquified natural gas is harmful to the domestic economy and national security.
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