Biden's Freeze on LNG Projects Sparks Global Concern

Decision Seen as a Win for Russia and a Blow to U.S. Economy and National Security

President Joe Biden's decision to freeze pending and future American liquefied natural gas (LNG) projects has raised concerns about the security of America and its allies, U.S. jobs and economic growth, and environmental progress.
The decision is seen as a win for Russia, as it curtails future U.S. LNG supply to Europe, while Russia continues to weaponize energy against nations opposed to its war in Ukraine.
The freeze on LNG projects has alarmed both Europe and Asia, who are concerned about their long-term supply needs.
Despite the freeze, U.S. natural gas prices remain among the lowest in the world, and U.S. LNG supplies reached record highs in 2023.
The decision to halt proposed LNG projects is part of Biden's sweeping climate agenda, but critics argue that it will have damaging effects on the U.S. economy and national security.