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familiarize yourself with holds on LNG export terminal
Biden Administration: No New LNG Export Terminals
The White House calls a pause until the climate threat of methane gas is fully evaluated
The 2–1 vote of the Federal Energy Regulatory Commission approving the $10 billion Calcasieu Pass 2 (CP2) terminal in Cameron Parish, Louisiana, doesn’t mean developer Venture Global will begin construction on the facility to export condensed and super-cooled methane. But it is a big step forward for the company, which has been asking FERC to approve its two-and-a-half-year-old application since February.![]()
Huge, controversial LNG export terminal gets green light from FERC
Climate activists have rallied to stop the Calcasieu Pass 2 facility, or CP2, in Louisiana. Now the final decision rests with the Department of Energy.www.canarymedia.com
In a statement after the decision, the company indicated it was waiting for approval from the U.S. Department of Energy to export the fuel to some countries — the approvals that were paused by the Biden administration in January.
See? No real power.