The U.S. Department of Energy (DOE) said its temporary pause on new LNG export authorizations would not affect pending extension requests for projects’ existing export licenses. “To be clear, this pause does not affect that process,” DOE Deputy Secretary David M. Turk said during a Senate Energy and Natural Resources Committee hearing on Thursday. The…
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White House Methane Task Force to Target Oil, Natural Gas Emissions
The Biden administration has created a new cabinet-level Methane Task Force to accelerate emissions reductions from the oil and gas industry. The announcement was part of the first-ever White House Methane Summit held last week. Methane, the primary component of natural gas, is a potent greenhouse gas with 80 times the near-term warming potential of…
Renewables-Friendly Legislation Seen Advancing U.S. Solar Power Industry
President Biden is expected to sign into law the Inflation Reduction Act of 2022 once it reaches his desk, legislation that Department of Energy (DOE) Secretary Jennifer Granholm said would be “monumental” for clean energy investments. Under the legislation, which cleared the Senate on Sunday and is expected to be approved by the House later…
Biden Administration’s 2023 Budget Doubles Down on Energy Transition
Even as President Biden has stressed the short-term need to increase oil and natural gas output and expedite liquefied natural gas (LNG) project development, the 2023 budget released by the administration Monday focuses almost entirely on transitioning away from fossil fuels. The president’s 2023 budget request for $5.3 trillion total includes funds for the Department…
Plan to Send More U.S. LNG to Europe Met With Optimism by Natural Gas Industry
The oil and natural gas industry praised the Biden administration’s announcement last week of a joint U.S.-European Union (EU) task force to increase liquefied natural gas (LNG) supply to Europe. The White House said it would seek to expedite approvals of pending LNG export projects, a move long advocated by the industry, in order to…
Natural Gas Said ‘Part of the Solution’ as Biden Pledges to Halve US GHG Emissions
Energy stakeholders endorsed President Biden’s strengthening of U.S. climate change commitments on Thursday, but they also stressed the importance of natural gas in achieving deep decarbonization of the economy. Biden said Thursday the United States will target a 50-52% reduction in economy-wide greenhouse gas (GHG) pollution by 2030 versus 2005 levels. The announcement, made during…
FERC Nominees? We’re Waiting, Natural Gas Council Tells White House
With one seat on FERC’s nominally five-member panel empty for more than three months and another due to be vacated this summer, natural gas and oil organizations are anxious for the White House to nominate new commissioners.