Biden no barrier to LNG growth
The president-elect has an ambitious low-carbon manifesto but is unlikely to slow the pace of near-term projects
US president-elect Joe Biden’s incoming administration will not look to unwind the near-term growth of the US LNG sector despite ambitious net-zero pledges, a panel at Petroleum Economist’s LNG to Power North America forum concluded on Tuesday. “We have over 26bn m3 in projects in development which have already been approved. This would be challenging in terms of stopping,” says Erin Blanton, senior research scholar at the Center on Global Energy Policy at Columbia University SIPA. “We expect they will look at rolling back methane regulations and banning fracking leasing on federal lands, but nothing that would significantly shift the export outlook.” Instead, addressing associated emissio
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US LNG exporter Cheniere Energy has grown its business rapidly since exporting its first cargo a decade ago. But Chief Commercial Officer Anatol Feygin tells Petroleum Economist that, as in the past, the company’s future expansion plans are anchored by high levels of contracted offtake, supporting predictable returns on investment
