The Climate Mob is Coming for LNG Exports
— October 16, 2021
By Paul Tice
Now with natural gas prices surging and fears of domestic gas shortages growing as we head into winter, there have been similar calls for an LNG export ban from the business community. In a recent letter to the Department of Energy from the Industrial Energy Consumers of America, the corporate lobbying group argued for the curtailment of export volumes from existing facilities and a government halt on permit approvals for all new LNG construction.
In the last five years, the U.S. has ramped up 11 billion cubic feet per day of liquefaction capacity and currently exports roughly 12% of its domestic production to countries worldwide. New liquefaction projects currently in the pipeline would nearly quadruple existing U.S. export capacity over the coming years.
Read the full Washington Examiner article.
Paul Tice is an Adjunct Professor of Finance at NYU Stern.