U.S. energy secretary tells skeptical executives natural gas export pause will be short-lived
Publishing timestamp: 2024-03-21 15:19:59
Summary
Energy Secretary Jennifer Granholm indicated that the pause on U.S. liquid natural gas exports from new projects would be lifted within a year. Oil and gas executives strongly pushed back against the pause, arguing that it would shake investor confidence and potentially undermine the transition to cleaner energy sources. The Biden administration seeks to reassure skeptical industry executives that the pause will be short-lived and will not impact current export capacity.
Sentiment: MIXED
Tickers: HES,
Keywords: hess corp, oil and gas, markets, breaking news: markets, investment strategy, business news,