Energy Secretary Jennifer Granholm indicated this week that a pause on U.S. liquid natural gas exports from new projects would be lifted within a year.
In less than a decade, the U.S. has become the world's largest LNG exporter as production of the commodity and construction of export terminals has boomed. LNG is natural gas cooled into liquid form to make it easier to transport. The energy secretary reiterated the pause has no impact on the 48 billion cubic feet per day that is currently authorized for export. This includes 14 billion cubic feet per day that is currently exported, another 12 Bcf/d under construction and 22 Bcf/d that is authorized but has not received final investment decisions.
"We can't flip-flop our policy," Hess said."We can do any study we want, but you don't make a pause, you don't make a freeze — do the study in parallel," he said. Clay Neff, Chevron's president of international exploration and production, said Wednesday that the LNG pause could shake investor confidence.
"It's having serious consequences with regard to our national security and the national security of our allies," Sullivan said during a press conference Monday at CERAWeek, arguing the policy contradicts U.S. efforts to help European nations end their dependence on Russian energy.
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