Biden’s Pause on LNG Approvals Likely to Force Industry Reckoning on Methane

The Biden administration has announced that it has paused all new LNG project approvals, likely until after the election in November 2024. We expect the approvals will impact projects under consideration by the Federal Energy Regulatory Commission, or FERC, and the U.S. Department of Energy, or DOE. The announcement does not affect existing efforts already approved, meaning that U.S. LNG capacity is already on track to effectively double in the next few years considering projects under construction.