This is in part because of an LNG export pause enacted by the Biden administration. On January 26th of last year, then-President Biden announced that the U.S. would pause approvals of new licenses ...

driven by margin expansion. Industrial & Energy Technology (IET) segment showed robust growth, with revenue up 21% and a significant backlog, benefiting from high demand for US LNG exports.

China is widely expected to stop buying U.S. LNG on the spot market and seek to swap American cargoes from elsewhere after it announced a 15% tariff on U.S. liquefied natural gas in response to ...

Political factors, such as the U.S. pause on new LNG export licenses and shifting trade dynamics, have contributed to slower than expected growth in LNG supply in 2024. Despite current losses and ...