Biden’s Halt on LNG Licenses Strands Would-Be Exporters in Limbo

The White House freeze on new natural gas-export licenses starkly divides terminal developers into two camps: those who can move forward with multi-billion-dollar investments and those stuck in limbo.

More than a dozen companies poised to liquefy natural gas for shipment overseas were in the queue for federal permission to send the fuel to some of the world’s biggest buyers when the Energy Department called a halt to new approvals.

WATCH: The Biden administration freezes the approval of new licenses to export US liquefied natural gas.

Source: Bloomberg

Those would-be exporters now face an unknown delay while bureaucrats analyze the potential impacts increased production of liquefied natural gas, or LNG, will affect the climate, economy and national ...