Biden administration reassures oil and gas executives amid LNG export pause concerns

The Biden administration aims to ease concerns among oil and gas executives regarding a pause on liquefied natural gas (LNG) exports from new projects, assuring them that the pause will be short-lived and will not hinder industry growth. The pause, announced in January by the Department of Energy, was initiated to evaluate the environmental and economic impact of the surge in LNG exports.

The administration faces pressure to balance environmental considerations with economic and geopolitical interests as it evaluates the impact of LNG exports on various stakeholders.