-
Impact of US pause on new LNG project approval could take years to manifest – TD Cowen
U.S. President Joe Biden paused pending approvals of exports from new liquefied natural gas projects, a move cheered by climate activists that could delay decisions on new plants until after the Nov. 5 election. TD Cowen says it sees the timing as “suspicious” and don’t expect finalized policy reform before election. “We believe the global LNG market will be oversupplied in the second half of the decade and the oversupply suggests there will be limited new projects sanctioned in 2024, regardless of government approvals” – TD Cowen. “Any delays to project sanctions today will take multiple years to ... (full story)