Shell Exec: Extended U.S. LNG Export Ban Would Significantly Impact Global Market
(Reuters) — An extended U.S. ban on new liquefied natural gas (LNG) export projects would have "quite an impact" on the fast-growing global market, a senior Shell executive said on Wednesday.
U.S. President Joe Biden last month paused approvals for pending and future applications for new LNG projects, a move cheered by climate activists.
The ban "is probably okay if it lasts a year or so, but if it was a long-term ban, then it would have quite an impact on the market," Steve Hill, who heads Shell's LNG, gas and power division, told analysts.
The United States has become a major exporter of the super-chilled fuel in recent years, including to Europe, which has become heavily dependent on LNG after cutting off most of Russia's pipeline gas exports.
Administration officials vowed that the pause would not hurt allies, as it includes an exemption for national security should they need more LNG.
There are currently projects with a total capacity of 100 million metric tons of LNG under construction in North America, Hill said after Shell published its annual LNG outlook report.
"The impact of the ban will be very much driven by the duration of the ban," Hill said.
Related News
Related News

- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Intensity, Rainbow Energy to Build 344-Mile Gas Pipeline Across North Dakota
- U.S. Moves to Block Enterprise Products’ Exports to China Over Security Risk
- 208-Mile Mississippi-to-Alabama Gas Pipeline Moves Into FERC Review
- Court Ruling Allows MVP’s $500 Million Southgate Pipeline Extension to Proceed
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- A Systematic Approach To Ensuring Pipeline Integrity
- 275-Mile Texas-to-Oklahoma Gas Pipeline Enters Open Season
- LNG Canada Start-Up Fails to Lift Gas Prices Amid Supply Glut
- Kinder Morgan Gas Volumes Climb as Power, LNG Demand Boost Pipeline Business
Comments