ICYMI: PAGE Reaffirms The Global Importance of U.S. LNG

"We strongly oppose the Administration’s misguided decision to halt U.S. LNG export approvals. As we emphasized in our January 19, 2024 letter to U.S. Secretary of Energy Jennifer Granholm, restricting the export capacity for U.S. LNG will have serious foreign policy implications and compromise future decarbonization progress.

Two-thirds of the world's economically recoverable gas is in just four countries: Russia, Iran, Qatar, and the U.S. When Russia weaponized its reserves after invading Ukraine – beginning with cutting off its gas supply to Europe – the U.S. quickly supplied LNG to replace methane-intensive Russian gas. This support to our allies accounted for 40% of EU LNG imports in 2022. The new U.S. LNG export pause has the potential to create massive global energy instability once again, as first instigated by President Putin."

 

Read the full statement here