National Association of Manufacturers President and CEO Jay Timmons released a statement following the Department of Energy’s announced freeze on export permits for new liquified natural gas (LNG) projects.
In the DOE release, the agency stated that it will initiate a process to update the assessments used to inform whether additional LNG export authorization requests to non-Free Trade Agreement countries are in the public interest. The action will begin an update of this analysis, and until updated, the DOE will pause determinations on pending applications for the export of LNG to non-Free Trade Agreement countries.
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“Once again, the Biden administration’s agencies are undercutting President Biden’s own stated goals," Timmons said. “Manufacturers call on the president to direct his agencies to support his agenda and to end their political war on the manufacturers who power American jobs, our economy and our national security. [The DOE's] decision weakens our country, while giving Russia an upper hand as Europe and Asia look to transition their energy needs.”
According to the DOE, the U.S. is the global leader in LNG exports with 14 billion cubic feet per day (Bcf/d) in current operating capacity and 48 Bcf/d in total authorizations approved by the DOE to date, over three times the current export capacity. This temporary pause on pending applications will not affect already authorized exports, which total 48 Bcf/d.