https://seekingalpha.com/news/4058184-biden-to-delay-decision-on-proposed-largest-us-lng-export-terminal-nyt
Quote:
The Biden administration has paused a decision on whether to approve Venture Global's planned Calcasieu Pass 2 liquefied natural gas plant in Louisiana, which would be the largest LNG export terminal in the U.S., The New York Times reported Wednesday.
Preparing for the re-election campaign, the White House reportedly has directed the Department of Energy to expand its evaluation of the project to consider its impact on climate change, as well as the economy and national security.
A delay could stretch past the November election and spell trouble for the Venture Global LNG project and 16 other proposed terminals, including projects led by Energy Transfer (ET), Commonwealth LNG and NextDecade (NEXT), according to the report.
The $10B Calcasieu Pass 2 project would dwarf existing U.S. export terminals, with export capacity of as much as 20M metric tons/year of natural gas that would increase the current amount of exported U.S. gas by ~20%.
There is said to be little division within the White House over delaying CP2, in part because it is not seen as a major energy security issue, since the U.S. already produces and exports so much gas.