Biden Administration Releases LNG Export Study

The Biden administration has released a significant study warning that increased exports of liquefied natural gas (LNG) could lead to higher domestic energy prices, potentially raising costs for American households by over $100 annually by 2050. This analysis, conducted during a year-long pause on new LNG export permits, indicates that expanded exports could displace renewable energy and contribute to a rise in global emissions, adding 1.5 gigatons of CO2 equivalent by 2050. Despite President-elect Donald Trump's commitment to ramp up fossil fuel production and lift the moratorium on new permits, environmental groups are poised to use the study's findings in legal challenges against his energy agenda. Energy Secretary Jennifer Granholm emphasized that while the LNG industry might benefit economically, American consumers and climate would bear the consequences. The report highlights the unsustainability of a business-as-usual approach to energy exports. Overall, the findings present a potential procedural obstacle for Trump's plans to boost LNG shipments.