Truly Right View
  • Politics
    • All
    • Political Campaigning
    • Trump 2024
    GOP Rep. Randy Feenstra files paperwork for Iowa gubernatorial run

    GOP Rep. Randy Feenstra files paperwork for Iowa gubernatorial run

    House staffer victim of armed carjacking in popular Washington neighborhood

    House staffer victim of armed carjacking in popular Washington neighborhood

    Politics

    States Move Toward Sound Money With “Transactional Gold” – Liberty Sentinel

    New York county approves law making it a crime for animal abusers to own pets

    New York county approves law making it a crime for animal abusers to own pets

    Dem lawmakers defend ‘storming’ of ICE facility

    Dem lawmakers defend ‘storming’ of ICE facility

    Bongino calls out ‘nonsense’ media reports, defends FBI leadership in X post

    Bongino calls out ‘nonsense’ media reports, defends FBI leadership in X post

    The White House’s effort for an India-Pakistan ceasefire

    The White House’s effort for an India-Pakistan ceasefire

    Our American Pope – The American Conservative

    States support parents in legal case over school’s secret gender transition of child

    States support parents in legal case over school’s secret gender transition of child

    NJ Dem Deletes History of Love for the Left: Fox News Politics Newsletter for May 9, 2025

    NJ Dem Deletes History of Love for the Left: Fox News Politics Newsletter for May 9, 2025

    Trending Tags

    • MAGA 2024
    • Donald Trump 2024
    • Trump Campaign
    • Trump 2024
    • US Elections
    • US Politics
    • Political Agenda
    • Political Corruption
    • Political Prisoners
    • Political Party
    • Biden 2024
    • Biden Voter Fraud
    • Biden Energy Policy
    • Biden Family Business Dealings
    • Trump 2024
    • US Elections
  • Real News
    Politics

    Transgender Suspect Arrested in Stabbing Death

    Politics

    Canada’s Trudeau Facing Liberal Revolt

    The Real Reason They Hate President Donald Trump

    The Real Reason They Hate President Donald Trump

    MAGA 2024 Or Bust

    MAGA 2024 Or Bust

    Trending Tags

    • Vaccines
    • Vaccine Side Effects
    • Censorship
    • Election Fraud
    • Election Integrity
    • 2024 US Election
    • Deep State
    • About Truly Right View
    • Truth Exposed
    • Vaccine Issues
    • Censorship
    • Election Fraud
    • US Deep State Coup
    • US Health Services
    • Climate Hoax
    • 2000 Mules Video
  • Trusted News
    • All
    • Blaze Media
    • Epoch Times
    • One American News
    • Tucker Carlson Truths
    Trump Campaign Alleged Email Hack Tied to Growing Global Conflict

    Trump Campaign Alleged Email Hack Tied to Growing Global Conflict

    CCP Plans to ‘Activate Agents’ to Export Persecution Onto US Soil

    CCP Plans to ‘Activate Agents’ to Export Persecution Onto US Soil

    How the CCP’s Overseas Spy Operations Work

    How the CCP’s Overseas Spy Operations Work

    CCP Instigating Regime Overthrow in Bangladesh?

    CCP Instigating Regime Overthrow in Bangladesh?

    Global Stock Market Meltdown a Signal of More to Come?

    Global Stock Market Meltdown a Signal of More to Come?

    Is the US Military Actually Unable to Defeat China?

    Is the US Military Actually Unable to Defeat China?

    New Tariffs on China Incoming; Plot Thickens on Temu

    New Tariffs on China Incoming; Plot Thickens on Temu

    China’s Internet Is Being Erased as CCP Tests System to Monitor All Online Activity

    China’s Internet Is Being Erased as CCP Tests System to Monitor All Online Activity

    CCP’s ‘New Order’ Works On Threats, Terror, Crime, and Deception | Crossroads

    CCP’s ‘New Order’ Works On Threats, Terror, Crime, and Deception | Crossroads

    How a Chinese Olympic Doping Scandal Turned Into a Conspiracy Against the US and EU

    How a Chinese Olympic Doping Scandal Turned Into a Conspiracy Against the US and EU

    Trending Tags

    • Tucker Carlson
    • Crossroads With Joshua Philipp
    • Glen Beck
    • Live Q&A Joshua Philipp
    • American Thought Leaders
    • Facts Matter
    • Over The Target
    • China In Focus
    • The Epoch Times
    • Blaze Media
    • Blaze TV
    • NTD
    • NTD Evening News
    • One America News Network
    • Tucker Carlson Truths
    • Epoch Times
    • Crossroads with Joshua Philipp
    • Crossroads Live Q&A with Joshua Philipp
    • Blaze Media
    • Glenn Beck
    • Steve Deace Show
    • Sara Gonzales Unfiltered
    • Chad Prather Show
    • Fearless with Jason Whitlock
    • One American News
    • NTD
    • NTD News Today
  • Laugh With Us
    Joe Rogan | This Past Weekend w/ Theo Von #403

    Joe Rogan | This Past Weekend w/ Theo Von #403

    Shane Gillis Live In Austin | Stand Up Comedy

    Shane Gillis Live In Austin | Stand Up Comedy

    Tom Segura: Completely Normal

    Tom Segura: Completely Normal

    Nikki Glaser: Perfect – Full Special

    Nikki Glaser: Perfect – Full Special

    Bill Burr on Women for 20 minutes straight.

    Bill Burr on Women for 20 minutes straight.

    “Whole Country is Turned into B*tch Ass N***ga” – Dave Chappelle.

    “Whole Country is Turned into B*tch Ass N***ga” – Dave Chappelle.

    Bill Burr: “I’ll Never Own a Helicopter” – Full Special

    Bill Burr: “I’ll Never Own a Helicopter” – Full Special

    Bill Burr comedy on Black People.

    Bill Burr comedy on Black People.

    Lost Laughter: The Cultural Void Without Cheech & Chong

    *BLAZING SADDLES*(1974) is made for me😂 Reaction & Commentary

    Trending Tags

    • Dave Chappelle
    • Theo Von
    • Comedy Club
    • Cheech & Chong
    • Political Comedy
    • Comedians
    • Funny
    • Funny Women
    • Babylon Bee Comedy
    • Babylon Bee
    • Funny Movies
    • Humor
    • Political Humor
  • Be Prepared!
    Politics

    One Must Fall – Liberty Sentinel

    Politics

    Ten Grave Errors Tossing the Church To and Fro — Introduction – Liberty Sentinel

    Politics

    Spiritual or Alien? Researcher Explains – Liberty Sentinel

    Politics

    States Move Toward Sound Money With “Transactional Gold” – Liberty Sentinel

    Our American Pope – The American Conservative

    Politics

    “It’s About Time,” Sheriff Comments On Arresting Rogue Judges – Liberty Sentinel

    Politics

    By Any Name, A Day For Remembering—and Building  

    Politics

    Democrat States Targeting Homeschoolers – Liberty Sentinel

    Politics

    Is ‘Woke Right’ a Useful Term?

    Politics

    Watch The American Spectator Editor Paul Kengor’s Remarks on Marxism and International Women’s Day – The American Spectator | USA News and PoliticsThe American Spectator

    Trending Tags

    • Restoring America
    • Government Corruption
    • Government Censorship
    • China Virus
    • Religious Freedom
    • Food Crisis
    • Invasion
    • Prepper
    • Emergency Preparedness
    • Restoring America
    • Government Corruption
    • Gods Plan
    • Economic Financial Collapse
    • Survival Plans
  • Patriot Shop
    • Patriot Clothing Gear Spotlights
    • Survival Apparel
    • Survival Gear
  • Truly Right View
No Result
View All Result
  • Login
  • Register
Truly Right View
No Result
View All Result
Truly Right View
No Result
View All Result

Energy Bosses Say Biden’s LNG Ban Dangerous for Industry’s Future

by SiteAdmin
February 8, 2024
in Global Warming Hoax, Politics, Survival Plans, US Health Services
5.1k
0
Politics
3.8k
SHARES
7.6k
VIEWS
Energy Bosses Say Biden’s LNG Ban Dangerous for Industry’s Future
Art Wager/iStock/Getty Images Plus
LNG terminal in Houston

The temporary halt of approvals for new LNG export terminals by the administration of U.S. President Joe Biden will imperil trust in the industry, Shell CEO Wael Sawan told the Financial Times in an interview on Sunday.

“I don’t think the recent announcement by the administration necessarily impacts, in the short or medium term, the supply of LNG, but I do think it erodes confidence in the longer term,” Sawan said.

The response comes as the British energy multinational, the world’s second-biggest LNG shipper after Qatar Energy, has found itself entangled in a legal dispute with U.S. exporter Venture Global LNG. In September, Shell and BP launched separate arbitration proceedings against Venture Global for allegedly refusing to honor a multibillion-dollar supply contract.

Sawan elaborated that Biden’s decision, compounded by Venture Global moving toward “not honouring the contracts with their foundation buyers” starts to raise more doubts about “the stability and security of LNG from the US.”

Kathy Mikells, chief financial officer of ExxonMobil, slammed the White House’s decision as well, saying that such bans jeopardize efforts to reduce energy-consuming nations’ reliance on coal.

“It means less US produced natural gas is available to replace coal around the world — that’s clearly a bad thing,” she stated in an interview with FT.

Chevron CFO Pierre Breber added that energy policy should not be a question of politics. “The world needs affordable, reliable, ever-cleaner energy,” he told the outlet. “US LNG exports are good for this country: it creates jobs, it helps the balance of trade. It’s good for our allies who are looking for sources of energy . . ..  And it’s good for the environment, because  . . .  in many instances the LNG is [replacing] coal.”

Biden demanded a pause on approvals for LNG exports from new projects in the country on January 26, citing their potential contribution to climate change. Nonetheless, many large producers have vocally opposed the move, emphasizing that LNG plays a vital role in the energy transition. The super-chilled fuel produces half the carbon dioxide of coal for the same amount of energy and 30 percent less than oil.

The controversial decision has also sparked the ire of Republicans in the House Committee on Energy and Commerce. The lawmakers said the halt inevitably weakens global energy security and imperils U.S. efforts to help the EU reduce its dependence on Russian energy.

Since the start of the Russia-Ukraine conflict, the EU has become increasingly dependent on LNG shipments from the United States as it tries to replace pipeline gas from Russia. Committee Chair Cathy McMorris Rodgers called Biden’s decision “another gift to Putin.”

However, industry experts surveyed by Foreign Policy magazine believe that in the short term, the suspension of LNG exports would not have a key impact on the market or on EU energy security.

In January, Bloomberg reported, citing industry experts, that replacing Russian gas with liquefied natural gas (LNG) from the United States has exposed the EU’s energy system to major security risks.

The United States, which began exporting its shale gas only in 2016, is presently the second-largest gas supplier to the EU after Norway. In 2023, the United States became the world’s top LNG exporter.

Many EU states drastically increased LNG purchases in 2023 after the reduction in pipeline gas flows from Russia owing to Ukraine-related sanctions and the sabotage of the Nord Stream pipelines in September 2022, which made them inoperable.

“European reliance on US LNG will only grow, if more Russian gas does not reappear and the Qataris decide not to engage in a price war for market share,” Ira Joseph, a senior research associate at the Center on Global Energy Policy at Columbia University, told the news agency. Nevertheless, the analyst warned that changes in U.S. policy could pose a major risk.

The White House had made a pledge to Brussels to quickly review applications for new export capabilities after the bloc decided to reduce its energy reliance on Russia.

Biden’s announcement “does not keep faith with that pledge,” per Fred Hutchison, president and CEO of LNG Allies, cited by Bloomberg.

Energy Aspects gas analyst David Seduski believes that the halt will “almost certainly be undone” if Republicans retake the White House.

“This could be a pause for political purposes, to appease Biden’s base in the run-up to the general election,” he said. “Or it could be a longer halt to permitting that clamps down on the chances of these terminals being approved longer term.”

An unnamed senior EU official told the agency that the European Commission is not worried about the bloc’s growing dependency on U.S. LNG as it does not carry the same level of political risks as dependence on Russian gas.

However, analysts highlight potential challenges ahead. Jonty Shepard, vice president of global LNG trading and origination at BP, had previously warned that the rising reliance on U.S. gas is creating a “concentration risk” for the entire sector.

On January 3, Reuters reported that the United States emerged as the globe’s largest exporter of liquefied natural gas (LNG) for the global market in 2023, citing tanker tracking and government data. Australia came in second, while Qatar, which ranked first in 2022, saw its output drop by 1.9 percent and slid to third place.

Based on the report, U.S. LNG exports hit monthly and annual records last month, with the country exporting 8.6 million metric tons in December alone to total 88.9 million metric tons in 2023, up 14.7 percent compared to 2022.

As per U.S. government data, Europe remained the foremost destination for U.S. LNG exports last month, accounting for 5.43 million metric tons, or more than 60 percent of overall shipments. Nearly 70 percent of U.S. LNG exports were destined for the region in November. The EU significantly increased its LNG imports last year, following the drop in pipeline gas flows from Russia, once its major supplier. This occurred amid Ukraine-related sanctions against Moscow and a sabotage of Russia’s Nord Stream pipelines in 2022, which made them inoperable.

Meanwhile, per earlier reports, despite Brussels’ drive to rid itself of Russian energy, the EU has been increasing imports of Russian LNG. In November, Russia’s exports to the bloc hit a historic high at 1.75 million metric tons. According to data from the Ministry of Economic Development, Russia’s overall fuel exports in 2023 stood at around 33.3 million metric tons.

Analysts link the increased shipments with the restart of Freeport LNG in Texas, whose production had been halted for several months following a June 2022 fire. The facility’s return to full service reportedly added six million metric tons to overall output. Another factor, according to specialists who spoke to Reuters, was increased production at other LNG plants. For instance, Venture Global LNG’s Calcasieu Pass facility increased output by three million metric tons year-on-year in 2023.

Shop For Night Vision | See more…


Shop For Survival Gear | See more…

  • Sale! Portable Mini Water Filter Straw Survival Water Purifier

    Portable Mini Water Filter Straw Survival Water Purifier

    $29.99 Original price was: $29.99.$14.99Current price is: $14.99.
    Add to cart
  • Sale! Compass

    Portable Pocket Brass Copper Navigation Compass with Noctilucence Display

    $19.99 Original price was: $19.99.$9.99Current price is: $9.99.
    Add to cart
  • Sale! Hunting Gear

    Tactical Shoulder Strap Rifle Sling Belt with Metal Buckle

    $17.99 Original price was: $17.99.$9.99Current price is: $9.99.
    Add to cart
 
Tags: Truly Right View
Previous Post

U.S. Strike Kills Kata’ib Hezbollah Commander in Baghdad

Next Post

Haley Humiliated in Nevada, Loses to “None of These Candidates.” Polls Show Her Losing Badly to Trump in South Carolina

Next Post
Politics

Haley Humiliated in Nevada, Loses to “None of These Candidates.” Polls Show Her Losing Badly to Trump in South Carolina

Please login to join discussion

Product Categories

  • Apparel & Accessories (6)
  • Camping Gear (8)
  • Gifts and Other (3)
  • Gloves (1)
  • Gun Parts (2)
  • Gun Storage (1)
  • Guns & Ammo (1)
  • Health & Fitness (4)
  • Holsters (3)
  • Hunting and Shooting Vests (3)
  • Hunting Gear (11)
  • Knives (2)
  • Laser Sights (1)
  • Mens and Womens Apparel (2)
  • Night Vision Accessories (1)
  • Outdoor Gear (4)
  • Pets (1)
  • Red Dot Sights (1)
  • Red Dot Sights & Accessories (1)
  • Security Products (1)
  • Shooting Accessories (3)
  • Sporting Goods (6)
  • Sports Equipment (2)
  • Sports/Outdoors (8)
  • Survival Gear (4)
  • Tactical Gear (4)
  • Trump 2024 (9)

Products

  • trump 2024 shirts Trump 2024 Take America Back Eagle T-Shirts $19.99 Original price was: $19.99.$12.99Current price is: $12.99.
  • trump 2024 hat Trump MAGA Embroidered Make America Great Again Hat $19.99 Original price was: $19.99.$12.99Current price is: $12.99.
  • trump 2024 tumbler 2024 Trump Save America Again Coffee Mug 11 Oz $19.99 Original price was: $19.99.$12.99Current price is: $12.99.
  • trump 2024 baseball cap Donald Trump 2024 Make America Great Again Hat $14.99 Original price was: $14.99.$9.99Current price is: $9.99.
  • trump stickers 2024 Trump 2024 The Revenge Tour Stickers $14.99 Original price was: $14.99.$8.99Current price is: $8.99.
Truly Right View

© 2025 Truly Right View

Navigate Site

  • Politics
  • Real News
  • Trusted News
  • Laugh With Us
  • Be Prepared!
  • Patriot Shop
  • Truly Right View

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Politics
    • Trump 2024
    • US Elections
  • Real News
    • About Truly Right View
    • Truth Exposed
    • Vaccine Issues
    • Censorship
    • Election Fraud
    • US Deep State Coup
    • US Health Services
    • Climate Hoax
    • 2000 Mules Video
  • Trusted News
    • Tucker Carlson Truths
    • Epoch Times
    • Crossroads with Joshua Philipp
    • Crossroads Live Q&A with Joshua Philipp
    • Blaze Media
    • Glenn Beck
    • Steve Deace Show
    • Sara Gonzales Unfiltered
    • Chad Prather Show
    • Fearless with Jason Whitlock
    • One American News
    • NTD
    • NTD News Today
  • Laugh With Us
  • Be Prepared!
    • Restoring America
    • Government Corruption
    • Gods Plan
    • Economic Financial Collapse
    • Survival Plans
  • Patriot Shop
    • Patriot Clothing Gear Spotlights
    • Survival Apparel
    • Survival Gear
  • Truly Right View

© 2025 Truly Right View

This website uses cookies. By continuing to use this website you are giving consent to cookies being used.