HomeMediaLatest News"Biden's decision undermined the authority of the United States": what awaits Russian LNG

"Biden's decision undermined the authority of the United States": what awaits Russian LNG

Belogoryev Alexey M. Research and Development Director, Director of the Center for Energy strategic analysis and forecasting

Alexey Belogoryev, Research and Development Director of the Institute for Energy and Finance, commented to the Mail.ru.Finance internet-portal on the meaning of the ban judicial lifting on issuing new export permits to LNG plants in the United States for the global LNG market.

The Biden administration still believes that a pause should be made in issuing export permits, Alexey Belogoryev said.

"The fact that the court lifted the formal ban does not mean that the Department of Energy will start issuing these permits, it has the ability to delay the process by bureaucratic methods. Most likely, we will not see new permits before the presidential elections," he said.

Further developments will depend on who wins the election — Democrat or Republican. But even Democrat Biden, if re—elected, is likely to return to issuing permits in 2025, at the latest in 2026.

"Therefore, this is exactly a temporary pause," Alexey Belogoryev noted.

Judicial cancellation will not affect the market, he believes, especially since we are talking mainly about projected plants with launch dates at the earliest in 2028-2029.

"Neither the export ban nor its absence have any effect on the global LNG supply in 2024-2027," Alexey Belogoryev stressed.

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