Trump Repeals LNG Export Ban
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global gas marketCNN
•Trump wants to scrap Biden’s ban on a chunk of natural gas exports. It won’t help America’s top buyer much
80% Informative
President-elect Donald Trump is set to overturn a ban on some US exports of liquefied natural gas, or LNG , in a boon for US energy producers.
But the move is unlikely to help address the climate crisis and may even make it worse.
LNG is a chilled, liquid form of natural gas that can be transported via sea tankers.
In less than a decade , the United States has gone from selling negligible amounts of the fuel abroad to leapfrogging Australia and Qatar .
The end of the transit deal is one reason prices are unlikely to decline much next year .
A wave of fresh LNG supply from the US , Qatar and other producers is expected to hit the global market in the second half of the decade .
Any additional flows due to the reversal of Biden ’s ban would not enter the market until after 2030 .
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