US pauses approval of new LNG export projects

The United States will temporarily suspend licensing new liquefied natural gas (LNG) export facilities to assess the impact of these projects on climate change, the economy and national security, Reuters reported.

Accordingly, LNG export projects to countries that do not have a free trade agreement (FTA) with the US will be suspended until the Ministry of Energy updates its assessment of the economic and environmental impacts of the projects.

The United States is currently the world’s leading exporter of LNG, with exports expected to double by 2030, with seven LNG export facilities and five approved or under construction. Another 17 projects are seeking permits. Administration officials have said the pause will not hurt allies under national security exemptions if they need more LNG.

HA TRANG

Source: https://www.sggp.org.vn/my-tam-dung-phe-duyet-cac-du-an-xuat-khau-lng-moi-post724642.html