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VisitImpact of LNG export pause on U.S. gas prices by end of 2024
Significant increase in prices • 25%
Moderate increase in prices • 25%
No significant change • 25%
Decrease in prices • 25%
Energy Information Administration (EIA) reports or major financial news outlets.
74 Congress Members Back Biden's Historic LNG Export Pause
May 7, 2024, 05:14 PM
Nearly 75 Democratic lawmakers, including 74 Members of Congress, have expressed support for President Joe Biden's decision to pause the approval of new liquefied natural gas (LNG) export projects. This group, which includes members of the U.S. House of Representatives, commended the administration's move as a significant step for environmental protection and public health. They emphasized the importance of prioritizing sustainable and clean energy solutions over short-term profits from the fossil fuel industry. Additionally, they urged for a thorough review process to potentially make this pause permanent, highlighting the need to resist pressure from the gas industry to relax regulations. The letter was co-led by RepBarragan and applauded Biden's historic action taken earlier this year.
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