Biden’s LNG Permitting Freeze Sparks Alarm Among Republicans and Global Energy Markets

The Biden administration has announced a freeze on LNG (liquefied natural gas) permitting, a move intended to appeal to voters concerned about climate change. This decision has angered both international customers in Asia and Europe and Republicans from energy-producing states in the U.S.

According to Foreign Policy columnist Keith Johnson, Biden is using the permitting process as a political tool, which could cause significant problems for Republican-led states and U.S. contractors involved in energy production.

The freeze on LNG permitting could disrupt U.S. LNG supplies in the short term, particularly as the industry may be unprepared for predicted hurricanes in oil-producing states. This situation could negatively affect U.S. energy exports.

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The article references the European Union‘s RePowerEU plan, which aims to reduce reliance on Russian fuel imports and support the green transition.

Russia has criticized the West‘s refusal to purchase its hydrocarbons, arguing that it leads to higher prices and continued dependence on Russian energy through intermediaries.