In May 2017, construction began on Cheniere's liquefied natural gas export facility near Portland, TX, marking a significant milestone in the global LNG industry. The boom in LNG production is evident with major investments such as QatarEnergy committing $45 billion to expand LNG exports, positioning itself among the top three LNG exporters globally alongside Australia and the United States.
The Biden administration's recent pause on new LNG export project approvals reflects a shift towards addressing climate change concerns. This decision aims to update the approval process to consider factors like domestic supply, energy security, and greenhouse gas emissions.
