Biden Admin's Long Awaited LNG Export "Study" is Finally Here
Biden's administration released the long-awaited LNG Export "study" today. I'm reading through the report currently, but wanted to share with you all in case you need some boring reading material to help you fall asleep. Most interesting paragraph I've found so far below. Why is the USA bottlenecking production and importing goods produced in China? In addition to being the world's largest importer of LNG, they're building coal power plants left and right and have zero environmental law or oversight. Help me understand how this is truly helping the environment and "climate change"?
C. China is the World’s Largest LNG Importer
According to the EIA, China is the world’s third largest natural gas consumer and the world’s largest LNG importer, averaging 9.5 Bcf/d in 2023.90 The country is growing its regasification capacity more than any other country in the world, and in 2022 had 5.7 Tcf of existing regasification terminals, plus 5.5 Tcf of regasification capacity under construction with operational start dates between 2023 and 2026.91 LNG is largely used to meet peak power generation demand in the Central and Southern coastal regions, heating in the Northern coastal region, closing the pipeline supply-demand gap in the Central coastal region, and industrial demand (as a result of coal-to-gas switching) in the Southern coastal region.
Summary of report can be found here.