Norway’s Equinor ASA expects the Biden administration’s pause of natural gas export authorizations to delay some massive additions to U.S. LNG capacity expected at the end of the decade, but the overall impact could help avoid market oversupply.

During the company’s recent fourth quarter earnings call with analysts, Irene Rummelhoff, executive vice president for marketing, midstream and processing, said the wave of new liquefied natural gas supply from the United States and Qatar starting in late 2026 has created “some nervousness around that period.”

However, after the Department of Energy announced a freeze of new non-free trade agreement permits in January, Rummelhoff said the global supply and demand balance near the end of the decade could be more stable if the...