Biden Freezes Projects Exporting Natural Gas, 70,000 Prospective Jobs Could Vanish

On Friday, the White House announced they would implement a temporary pause on pending decisions on exports of Liquefied Natural Gas (LNG) to non-FTA countries until the Department of Energy could update the underlying analyses for authorizations. Projects involving billions of dollars will be disrupted; critics contend that President Biden’s actions will hurt Europe’s capacity to power its economy without relying on Russian gas. “The pause could have implications for more than a dozen proposals now awaiting review at the Energy Department, including ventures planned in Louisiana by Commonwealth LNG...