In recent years, the United States has witnessed a remarkable transformation in its position as a liquified natural gas (LNG) exporter. From virtually no exports in 2014, the country has become the world's leading gas exporter by 2022. Buoyed by the Biden Administration's support, the US has been actively building new LNG terminals with the aim of doubling its export capacity by 2027.
However, a significant development occurred on January 26, 2024, when the Biden administration announced a 'pause' in permitting new LNG exports. This abrupt reversal has left many wondering about the reasons behind this decision and its timing. Upon closer examination, it appears that President Biden's motivation behind this move is to consolidate support from climate-conscious voters ahead of the upcoming presidential elections in November.
