Biden’s LNG Export Ban is a Gift to Putin
Decision comes at the expense of America's energy security, jobs, and economy
President Biden’s LNG export “pause” is a blatant political decision to appease his radical base at the expense of American energy security and the security of our allies. As Chair Cathy McMorris Rodgers (R-WA) said, “This is another gift to Putin.”
Our European allies are desperately seeking American energy to counter Russia’s weaponization of its natural gas exports. In December 2023, more than 87 percent of U.S. LNG exports went to the European Union, United Kingdom, or Asian markets. President Biden’s LNG export pause weakens global energy security and undercuts our efforts to help Europe reduce its reliance on Russian energy.
If President Biden were serious about his rush-to-green agenda, he would unleash the production and export of clean, affordable, and reliable American LNG—which has roughly 40 percent lower lifecycle emissions than Russian LNG. American LNG has allowed us to reduce emissions more than any other nation, and we have the capacity to continue helping countries reduce their emissions even further.
Studies show that LNG exports could add upwards of $73 billion to the U.S. economy by 2040, create upwards of 453,000 American jobs, and increase U.S. held purchasing power by $30 billion. President Biden’s decision to pause LNG exports jeopardizes all of this—Congress must act to reverse this decision.
Don’t miss what Energy and Commerce Republicans are saying: