Biden Administration Warns LNG Export Expansion Could Raise Costs, Emissions
A new DOE report highlights economic and environmental risks tied to LNG growth, drawing sharp criticism from industry leaders and environmental groups alike.
- The Department of Energy's draft report warns that expanding liquefied natural gas (LNG) exports could increase U.S. energy prices by up to 30% and contribute significantly to global carbon emissions by 2050.
- The Biden administration's temporary pause on new LNG export permits, introduced in January, was intended to assess the economic and climate impacts of export growth.
- Industry leaders argue the report underestimates LNG's role in reducing global coal use and bolstering U.S. economic and geopolitical strength, with some calling it politically motivated.
- Environmental groups criticize the report as insufficiently aggressive, urging a full ban on LNG exports to prioritize climate goals before Biden leaves office.
- President-elect Donald Trump has pledged to reverse the LNG export pause immediately upon taking office, framing it as a key part of his broader energy expansion agenda.