DOE Warns Against LNG Export Frenzy ...Middle East

OILPRICE - Economy
DOE Warns Against LNG Export Frenzy
source : OILPRICE ( Middle East ) () 66
Back in February, leading energy information company, Energy Intelligence, reported that interest in long-term LNG projects remains robust despite the Biden administration pausing new licenses for LNG export projects still in the planning pipeline. Back then, the Department of Energy justified the pause by highlighting lingering fears that shipping large volumes of U.S. gas overseas could erode America’s competitive advantage of cheap energy critical for energy-intensive industries such as steelmaking and petrochemicals and also seeks to…

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