U.S. Gas Prices Could Spike 14% Without Biden's Pause On New LNG Export Terminals [Forbes]
KAWASAKI KISEN UNS/ADR (KAIKY)
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Source: Forbes
While current LNG exports will continue, the pause allows the U.S Department of Energy to assess their impacts on climate and consumer costs. New Energy Innovation analysis shows the LNG export terminal pause could insulate American consumers from up to $18 billion in new annual energy costs from volatile gas prices. The culprit behind these price spikes is clear: Every new LNG export terminal built means more gas can sent overseas by oil and gas companies seeking the highest bidder, regardless of what that costs U.S. consumers. The Arctic Discoverer liquefied natural gas (LNG) tanker, operated by K Line LNG Shipping UK Ltd., ... [+] sits moored at the Gate LNG terminal in the Port of Rotterdam in Rotterdam, Netherlands, on Thursday, June 8, 2017. Some U.S. cargoes have already reached southern European nations such as Spain, Portugal and Italy. Photographer: Jasper Juinen/Bloomberg And while increased energy security for European allies in the face of Russian aggression has b
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