White House gas export review to freeze new projects for more than a year
The Biden administration's review of new natural gas export terminals is expected to last up to 15 months, according to two people familiar with the planning, a move that could tamp the brakes on the fast-growing business and clash with some of the president's foreign policy priorities.
The administration's review of the Energy Department's process for assessing whether new liquefied natural gas meet the public interest, first reported by POLITICO last week, will look into how the fast growing industry impacts climate change, as well as the environmental effects on the communities where the plants that chill the gas into liquid and are loaded onto tankers.
The White House is expected to make the announcement Friday, though that could slip to early next week depending on last-minute planning, according the two people, who were granted anonymity to discuss policies that have not yet been publicly released.
The review freezes the development of CP2, a mammoth export project that Venture........
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