LNG exports from the United States to Europe increased dramatically in 2021 due to a combination of factors including strong official support from the Joe Biden administration and private companies redirecting cargoes destined for Asia. However, on January 26th, 2023, President Joe Biden announced a temporary pause on pending LNG-export projects in order to scrutinize their economic, security, and environmental impacts, which has disappointed climate campaigners who see natural gas as a cleaner transition fuel but delighted those who view it as an unreliable partner. The text also discusses the increase in methane emissions during production and transport of LNG, which is seen by some as a powerful greenhouse gas that can contribute to global warming.
Read this story from "The Economist" for free without being tracked.
https://read.distractionfree.site/economist/business/2024/02/01/joe-bidens-limits-on-lng-exports-wont-help-the-climate
#LNGExports #BidenAdministration #PrivateCompanies #StrongOfficialSupport #RedirectingCargoes #Asia #JoeBiden
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2024-02-04 07:30:42
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npub19vqkmyttvpwpul5njms9ej6hgc30e2t03shnx9dzyvy4gwstcc4s0mj236Published at
2024-02-04 07:30:42Event JSON
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"content": "LNG exports from the United States to Europe increased dramatically in 2021 due to a combination of factors including strong official support from the Joe Biden administration and private companies redirecting cargoes destined for Asia. However, on January 26th, 2023, President Joe Biden announced a temporary pause on pending LNG-export projects in order to scrutinize their economic, security, and environmental impacts, which has disappointed climate campaigners who see natural gas as a cleaner transition fuel but delighted those who view it as an unreliable partner. The text also discusses the increase in methane emissions during production and transport of LNG, which is seen by some as a powerful greenhouse gas that can contribute to global warming.\n\nRead this story from \"The Economist\" for free without being tracked.\n\nhttps://read.distractionfree.site/economist/business/2024/02/01/joe-bidens-limits-on-lng-exports-wont-help-the-climate\n\n#LNGExports #BidenAdministration #PrivateCompanies #StrongOfficialSupport #RedirectingCargoes #Asia #JoeBiden",
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