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The Biden administration has released a study (pdf) on the impacts of increasing LNG exports urging caution on granting new export permits, Reuters reports. The study warns that increasing LNG exports could lead to higher greenhouse gas emissions and rising energy prices for US consumers. The new research comes as incoming President Donald Trump promises to lift the moratorium on new LNG export permits when he takes office in January.
LNG export rules may change: The study is designed to guide decisions on future LNG export permits, which the Department of Energy must approve by law based on the public interest. The report outlines various scenarios based on domestic and international climate policies, technologies, and resource availability, indicating that while US natural gas supply can meet both domestic and global demand, the environmental and economic consequences of unchecked LNG exports warrant careful consideration. The results could also inform legal and congressional actions regarding LNG exports.
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