Even as the Biden administration, under pressure from environmentalists, hits pause on its approval of a major natural gas export terminal in the United States, it faces another big gas decision overseas.
A $13 billion natural gas export project in Papua New Guinea led by TotalEnergies and Exxon Mobil is on a shortlist of projects set to receive financing from the U.S. Export-Import Bank, or Ex-Im, which supports American businesses around the world.
The Papua LNG gas project would join a portfolio of oil and gas projects the bank funds, including an oil refinery in Indonesia and an oil tank project in the Bahamas.
The bank is also considering financing an offshore pipeline and natural gas plants in Guyana.
Some climate activists see a big contradiction between climate actions the government is taking in the United States versus around the world.
Persons:
Biden
Organizations:
TotalEnergies, Exxon Mobil, U.S . Export, Import Bank
Locations:
United States, Papua New Guinea, Papua, Indonesia, Bahamas, Guyana