Commodities

US official to testify at Senate hearing looking into Biden’s LNG pause

1 Mins read

WASHINGTON (Reuters) -A top U.S. Energy Department official will testify at Feb. 8 Senate Energy Committee hearing looking into President Joe Biden’s pause on new approvals for liquefied (LNG) exports, the Energy Department said on Thursday.

Biden paused the approvals last week so his administration can look into the environmental and economic impacts of the exports.

The moratorium, which will likely delay the approvals until after the Nov. 5 election, has been slammed by Republicans and lawmakers from energy-producing states as harming energy security for U.S. allies.

Deputy Energy Secretary David Turk will testify at the hearing, the agency said. A Senate committee aide said the full witness list will be out on Friday or Monday.

Senator Joe Manchin, chair of the committee and a Democrat from natural gas-producing West Virginia, has promised to investigate the pause on approvals of exports of the fuel to big markets in Europe and Asia.

The House Energy, Climate and Grid Security Subcommittee, chaired by Republican Jeff Duncan, will hold a hearing on Feb. 6 on the LNG pause, according to its website.

A spokesperson for the European Commission, noting pause’s exemption for national security emergencies, told Reuters on Friday, it will not have any short- to medium-term impacts on the EU’s security of gas supply.

Read the full article here

Related posts
Commodities

Chile wants 3 or 4 new lithium projects running in 2026, finance minister says By Reuters

1 Mins read
SANTIAGO (Reuters) – Chile wants to have three or four new lithium projects operational by 2026, the country’s Minister of Finance Mario…
Commodities

OPEC+ producers extend oil output cuts to second quarter By Reuters

3 Mins read
By Maha El Dahan and Alex Lawler DUBAI (Reuters) -OPEC+ members led by Saudi Arabia and Russia agreed on Sunday to extend…
Commodities

US considers selling Northeast gasoline reserve in 2024 in draft bill By Reuters

1 Mins read
By Laura Sanicola (Reuters) – The United States may sell its 1 million barrel Northeast gasoline reserve in fiscal year 2024, according…
Get The Latest News

Subscribe to get the top fintech and
finance news and updates.

Leave a Reply

Your email address will not be published. Required fields are marked *