HOUSTON, March 19 (Reuters) - The United States should
not flip-flop on its gas export policy, Hess CEO John Hess said
on Tuesday.
U.S. President Joe Biden's administration has hit pause on
permits for new liquefied natural gas (LNG) export plants to
ensure projects do not undermine U.S. targets to cut greenhouse
gas emissions.
"Consumers have to rely on the United States for the
important role we play as an exporter of oil and gas, and we
can't flip flop our policy," Hess said. "I think it sends a very
disturbing message to put this pause on LNG."
Europe has increased imports of LNG from the United States
to substitute gas imports from Russia in the wake of Russia's
invasion of Ukraine.
The pause on LNG plant permits is unfriendly for both the
market and climate, Hess said, because gas is being used to
substitute coal in power generation around the world.