Pause and Global Energy Security

LNG Pause Could Affect Global Energy Security (OilPrice.com)
Haley Zaremba (April 10): The Biden administration’s decision to pause new USLNG export licenses could significantly impact global energy security and emissions reduction efforts. Developing Asian countries, heavily dependent on affordable natural gas, face uncertainty over their energy transition plans. Asian nations that use a lot of coal, see affordable natural gas as the only accessible alternative. USLNG plays a crucial role in keeping natural gas affordable and accessible.  Nikkei Asia: “Massive volumes of coal must be displaced through the 2030s and beyond across emerging Asia to achieve the region’s net-zero aspirations. This inevitably will mean substantial gas imports.” The Biden pause greatly impacts the global energy sector and presents a major challenge for dependent on LNG imports. Link to Content

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