Pause – Major Risk

Biden LNG Pause Poses Major Risk, Says Smith (Nikkei Asia)
Ryosuke Hanafusa (March 23): Freeport CEO Michael Smith has voiced concerns over the recent decision to pause new USLNG export licenses. The decision, which is expected to last at least through Nov. 2024, has put several proposed USLNG projects in a state of uncertainty. Smith argues that the pause poses a significant risk to the industry and could potentially impact the global LNG market. The pause could be especially disruptive to energy plans across Asia, where countries are looking to displace coal and reduce emissions. The full impact remains uncertain, but could significantly affect future of USLNG exports. Link to Content

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