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  • February 27, 2024
  • 3E

DEEP DIVE: U.S. Lawmakers, Industry Leaders Clash with Biden Administration on LNG Export Pause

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The United States is the world’s leading supplier of liquefied natural gas (LNG), having just entered the market in 2016. After a record-breaking year for the industry in 2023, why has President Joe Biden’s administration paused any permits for new facilities that export LNG to non-Free Trade Agreement (FTA) countries?

The answer depends on a confluence of factors, ranging from climate change to the supply of LNG within the country.

Notably, the surge in exports has occurred during a global shift toward cleaner and more renewable energy sources. LNG demand is expected to rise by more than 50% by 2024 as China and South Asia switch to gas from coal. A McKinsey study projects that gas is the only fossil fuel that is expected to grow through 2035.


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