Trump Lifts LNG Export Permit Freeze, Reversing Biden Policy
The executive order enables U.S. energy companies to pursue new liquefied natural gas projects, sparking debate over economic and environmental impacts.
- President Donald Trump signed an executive order ending the moratorium on new LNG export permits imposed by the Biden administration in 2024.
- Trump's move allows U.S. companies to proceed with projects that could add up to 100 million metric tons per annum of LNG export capacity by 2031.
- The Biden administration's study warned that increased LNG exports could raise domestic gas prices by 31% by 2050 and contribute to climate change.
- Energy firms like Cheniere Energy, Commonwealth LNG, and Energy Transfer welcomed the decision, citing opportunities for expansion and global market access.
- Environmental groups criticized the policy shift, arguing it prioritizes industry profits over climate concerns and household energy affordability.