Energy bills would shoot up as a result of increased exports of liquified natural gas, the Energy Department projected in a highly anticipated report released Tuesday, seemingly marking the end of the saga that has been the Biden administration’s pause on approvals of new LNG export projects.
With President-elect Donald Trump’s inauguration just over 30 days away, the last-minute release of the report appears to be the Biden administration’s last-ditch effort to block additional approvals, complicating the Republican’s plans to increase LNG exports while in office. Ending the pause was a top priority for the oil and gas industry.
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