Biden administration approves more LNG exports to Europe

The Biden administration has authorized additional exports of liquefied natural gas from two major facilities on the US Gulf Coast, in a move that could help Europe deal with an energy crunch, Report informs referring to Reuters.

The Department of Energy (DOE) issued approvals allowing major supplier Cheniere Energy (LNG.A) to export the equivalent of 0.72 billion cubic feet per day (bcfpd) of the supercooled fuel from its Sabine Pass, Louisiana and Corpus Christi, Texas, terminals to countries that do not have free trade agreements with the United States including all of Europe.

Previously the terminals were authorized to export the gas only to countries with free trade agreements, including Canada, Mexico, Australia, and more than a dozen others in Asia, the Middle East, Central and South America.

The authorizations mean every operating US LNG export project now has approval to export its full capacity to any country where not prohibited by US law or policy, the DOE said in a press release.

"US LNG remains an important component to global energy security, and DOE remains committed to finding ways to help our allies and trading partners with the energy supplies they need while continuing to work to mitigate the impact of climate change," the DOE said.