A bipartisan group of senators is calling on U.S. Ambassador to Japan Rahm Emanuel to help strengthen the trade of liquefied natural gas between the two countries and among the broader Group of Seven as its lone Asian member overtakes leadership of the political coalition.
between the two countries and among the broader Group of Seven as its lone Asian member overtakes leadership of the political coalition.due to the reorientation of international gas markets caused by the war in Ukraine. The Biden administration has promised to facilitate more LNG exports to Europe through the end of the decade, but Japan, which imports the majority of its energy and is the No. 2 importer of U.S. LNG over the last seven years, could also benefit from increased U.S.
"There remains a gap between the political commitment to backfill the supply of Russian gas taken off the market and the necessary policies to fill that gap," the letter said."Excessive restrictions on public financing of gas projects and unnecessary delays in approving privately-financed projects impede the development of critical infrastructure to expand output and exports."
Those officials said climate envoy John Kerry was privately discouraging investment in long-term U.S. LNG ventures, Sullivan said. Russia was the largest external supplier of natural gas to Europe before the war started and remained no. 1 through the third quarter of 2022, although supplies fell dramatically over the course of the year, in large part because Russia has cut exports to the European Union.
Many environmental groups pushing for a quicker phasing out of fossil fuels have criticized the administration's export campaign as"locking in" new fossil fuel infrastructure for decades to come., have acknowledged that gas is part of the"transition" to a greener energy sector while warning against the construction of new gas infrastructure without carbon capture technologies.
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