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Energy secretary says natural gas export pause will be short-lived [Video]

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Oil and Gas Industry News

HOUSTON — The Biden administration this week sought to reassure skeptical oil and gas executives that a pause on liquified natural gas exports from new projects would be short-lived and would not alter the industry’s meteoric growth.

In less than a decade, the U.S. has become the world’s largest LNG exporter as production of the commodity and construction of export terminals has boomed. LNG is natural gas cooled into liquid form to make it easier to transport.

U.S. exports have provided European allies with energy security as they seek to end their dependence on Russian gas in the wake of Moscow’s invasion of Ukraine. Industry executives argue LNG will play a key role in the energy transition by displacing coal for electricity generation.

The Department of Energy announced a pause on exports from new projects in January to evaluate the impact the LNG surge has had on the climate, energy …

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