DAILY ON ENERGY: • Momentum from U.S. LNG • More from Energy Secretary Jennifer Granholm on the Hill • Germany drops opposition to Russian oil ban
MOMENTUM FOR US LNG: Gazprom’s shut-off of gas supplies to Poland and Bulgaria puts even more momentum behind growing U.S. liquefied natural gas as the EU seeks out alternatives to Russian imports.
The green focus: The EU, like the Biden administration, sees green energy as best available too able to help usher in the end of that era of dependency.But: The EU and the administration have made clear more U.S. LNG and LNG from other countries will be necessary to wean Europeans off Russian fuels, and EU countries are planning new LNG terminals where, in at least one notable case, they had been passed up previously in favor of greener alternatives.
The administration also committed to providing 50 bcm of additional U.S. gas per annum in the coming years, and the Energy Department is making headway to that end. “Be aware that we have permitted, completely, 30 billion cubic feet of liquefied natural gas that have not been constructed yet,” Granholm said. “We currently export about 12 billion cubic feet of natural gas. We have permitted almost three times as much that could be ready to go but that are simply not under construction.”
PELOSI BRUSHES OFF GAS TAX HOLIDAY: Congressional Democrats will steer clear of a gas tax holiday in upcoming legislation meant to lower prices.“The pros of it are it’s good PR,” she said at a press conference this morning. BOEM ASKING FOR COMMENT ON NEW OFFSHORE WIND: The Bureau of Ocean Energy Management announced yesterday it is seeking information on the possibility of leasing multiple plots of federal waters for offshore wind development.
“One of the barriers that I know you all agree on is the time for permitting,” she said. Ensuring more “certainty with respect to time frames” is a priority and that the administration is working to “see how we can collapse permitting time.” Opposition to the legislation was bipartisan, with Democratic state Sen. Lori Berman saying DeSantis’s veto was necessary and that solar is necessary to slow climate change.
INSPECTORS FIND NO SIGNIFICANT DANGER AT CHERNOBYL: A team of international nuclear inspectors tasked with measuring radiation at the Chernobyl nuclear facility in Ukraine did not find a dangerous increase in exposure levels after Russian troops briefly seized control of the facility before ceding control back to Ukraine last month.
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