GLNG: Biden orders pause of LNG export approvals amid pressure from environmentalists

US President Joe Biden announced on January 26 that approvals of pending and future applications to export LNG from new projects are being temporarily halted.

Biden, who is entering an election year, cited climate change concerns for the move, saying in a statement that his administration will have a “hard look at the impacts of LNG exports on energy costs" and also "America’s energy security, and our environment.”

The Department of Energy (DOE) will now carry out a review to examine the environmental and economic impacts of the projects that have requested approval to export the super-chilled fuel abroad.