Energy Secretary Cautions Against Unrestricted LNG Exports Amid New Study Findings
Energy Secretary Jennifer Granholm warns that unrestricted LNG exports could harm U.S. consumers and the environment, as highlighted in a recent Department of Energy study.
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Overview
Energy Secretary Jennifer Granholm has warned that unrestricted LNG exports could increase domestic prices by over 30% and exacerbate greenhouse gas emissions. The Department of Energy's study criticizes the 'business-as-usual' approach to LNG exports, stating that it may displace renewable energy sources and impose an additional $100 annual cost on households by 2050. The report supports a cautious review of LNG export approvals, following a Biden-era pause, amidst opposition from the incoming Trump administration and energy industry advocates who argue for increased LNG development to support jobs and economic growth.
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