Categories: Business

Joe Biden bans new exports of liquefied natural gas

Environmental advocates were outraged that Joe Biden allowed the Willow, Alaska, oil project to begin in the winter of 2023 and then complete the pipeline through the Appalachian Mountains. Nine months before the presidential election, he is making promises to him on another issue, a project to export liquefied natural gas from the Gulf of Mexico. New terminal authorizations are frozen until further notice.

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Willow oil project in Alaska: Under legal and political pressure, Joe Biden’s turnaround

The main target, the huge Calcasieu 2 project in Louisiana, which will be the first terminal in the United States, will cost 10 billion dollars (9.21 billion euros). Germany signed a twenty-year supply contract involving CalcCu 2. “My administration is suspending pending decisions on new exports of liquefied natural gas. During the break, we will closely monitor the impact of exports on costs, energy security and climate change – the existential threat of our time. We are committed to doing things rightannounced Joe Biden on Friday, January 26. While MAGA Republicans (Make America Great Again, Donald Trump’s slogan) Willfully denying the urgency of the climate crisis, condemning the American people to a dangerous future, my administration will not be happy. »

Environmental activists celebrated the decision on Friday and canceled a planned February 6-8 protest outside the Energy Department in Washington to demand a halt to new LNG approvals.. “We decided to call off the sit-in as the administration accepted our request”

Roishetta Ozane, a Louisiana activist opposed to Calcasieu 2, told Bloomberg. Financial Times, Seven operating terminals, mainly in Texas and Louisiana, can produce up to 87 million tons per year, enough to meet the combined gas needs of Germany and France.
Also Read: Articles are reserved for our subscribers In Texas, the liquefied natural gas revolution

“Victory for Russia”

Five other projects already approved and under construction will add another 63 million tonnes of capacity per year. Seventeen other projects are awaiting permits and should therefore be affected by the Democratic president’s decision. “Biden wants to keep young people on his side, who care most about the climate. They were outraged by the foolish approval of the Willow oil project”

declared climate activist Bill McKibben, quoted by the AP agency.

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