(Bloomberg) A House committee is probing the Biden administration’s decision to pause liquefied natural gas export approvals, asking the Energy Department to justify why a moratorium on project approvals is needed while the agency conducts a study that could take more than a year. Most Read from BloombergCitadel Among Hedge Funds That Got Morgan Stanley’s Block-Trading LeaksTesla Asks Which Jobs Are Critical, Stoking Layoff FearsChina Replaces Top Markets Regulator as Xi Tries to End RoutUS C
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Pausing new LNG export projects will not stop the United States from more than doubling its exports by 2030, a top official from the Department of Energy said at a Senate committee hearing.
Senate Republicans are accusing President Joe Biden of waging a war against their natural gas producing states after he ordered a freeze on new liquid natural gas exports.