SE North Carolina News

Washington, D.C. — Senator Ted Budd (R-NC) has joined a coalition of 25 senators in criticizing the Biden administration's decision to pause all pending non-FTA export permit applications for liquified natural gas (LNG) export projects. The letter, led by Senator Bill Cassidy (R-LA), expresses concerns about the potential economic, environmental, and national security consequences of this decision.

In a statement, Senator Budd said, "The Biden administration’s decision to pause LNG export approvals puts radical, left-wing environmentalists ahead of American families, American workers, and the needs of America’s allies. Jeopardizing billions of dollars, thousands of jobs, and America’s leadership in international LNG markets just to score cheap political points is wrong."

The coalition's letter, addressed to President Biden and Secretary Granholm, emphasizes the importance of U.S. LNG exports in supporting countries around the world and promoting international energy security. It highlights the significant role that U.S. LNG exports have played in Europe, particularly during Russia's invasion of Ukraine, where U.S. LNG helped meet the increased demand for energy.

The letter also raises concerns about the potential impact on energy security in Asia, where countries like Japan, South Korea, Taiwan, and India heavily rely on U.S. LNG imports. It emphasizes that stable and secure supplies of U.S. LNG are critical to their energy security.

Furthermore, the coalition argues that U.S. LNG exports contribute to global emissions reduction efforts. China and India, two of the world's largest polluters, are major importers of U.S. LNG, and limiting exports could hinder the use of clean-burning natural gas to reduce emissions.

The coalition also highlights the economic benefits of U.S. LNG exports, citing a study that suggests increased exports could create more than 450,000 jobs and boost GDP by $73 billion. It urges President Biden and Secretary Granholm to champion American LNG exports and recognize the environmental, economic, and national security benefits they bring to the United States and its allies.

In conclusion, the coalition's letter calls on the Biden administration to reconsider its decision to pause LNG export permits. It emphasizes the importance of U.S. LNG exports in supporting global energy security, reducing emissions, and stimulating the American economy. The signatories urge President Biden and Secretary Granholm to prioritize American interests and champion the benefits of LNG exports for the United States and its allies.

Read the full letter here or below: [link to the letter]