Biden Adviser: LNG Pause Won’t Have Much Impact, But Is Needed to Study Impacts on Gulf Communities, Economy

SULLIVAN Joining us now ░░░░░░░░ Amos Hochstein the senior ░░░░░░░░ to the president for ░░░░░░░░ and investment and really ░░░░░░░░ major part of the ░░░░░░░░ of our energy policy ░░░░░░░░ regards to the fallout ░░░░░░░░ the war in Ukraine ░░░░░░░░ I really appreciate you ░░░░░░░░ us HOCHSTEIN It s ░░░░░░░░ to be here Brian ░░░░░░░░ Well you just had ░░░░░░░░ Fusco here Can you ░░░░░░░░ why are we doing ░░░░░░░░ LNG pause HOCHSTEIN Well ░░░░░░░░ think as we as ░░░░░░░░ president s secretary of ░░░░░░░░ has announced this pause ░░░░░░░░ coming after we have ░░░░░░░░ LNG exports dramatically with ░░░░░░░░ help of people like ░░░░░░░░ Fusco and Cheniere and ░░░░░░░░ companies to becoming the ░░░░░░░░ exporter in the world ░░░░░░░░ what s under construction ░░░░░░░░ lead us to nearly ░░░░░░░░ that capacity from the ░░░░░░░░ of the largest double ░░░░░░░░ capacity by 2027 and ░░░░░░░░ SULLIVAN It s not ░░░░░░░░ to kill it HOCHSTEIN ░░░░░░░░ on the contrary we ░░░░░░░░ be the most dominant ░░░░░░░░ exporter this planet has ░░░░░░░░ seen That will continue ░░░░░░░░ question is when you ░░░░░░░░ out that much additional ░░░░░░░░ you have to take ░░░░░░░░ second to say Wait ░░░░░░░░ minute before I give ░░░░░░░░ lot more export licenses ░░░░░░░░ two countries that don ░░░░░░░░ have free trade are ░░░░░░░░ it So it s ░░░░░░░░ a total pause And ░░░░░░░░ we say all right ░░░░░░░░ are the economic impacts ░░░░░░░░ much demand is going ░░░░░░░░ be past 2035 2040 ░░░░░░░░ gas And what are ░░░░░░░░ impacts on the communities ░░░░░░░░ live along the shore ░░░░░░░░ the Gulf of Mexico ░░░░░░░░ is really where all ░░░░░░░░ these facilities are being ░░░░░░░░ So let s take ░░░░░░░░ look Let s do ░░░░░░░░ study for a few ░░░░░░░░ see where it is ░░░░░░░░ then decide what the ░░░░░░░░ course of action is ░░░░░░░░ you want to approve ░░░░░░░░ Do you want to ░░░░░░░░ what is right for ░░░░░░░░ economy for the U ░░░░░░░░ economy in the world ░░░░░░░░ think we will be ░░░░░░░░ fine shape after that ░░░░░░░░ don t think it ░░░░░░░░ have that much of ░░░░░░░░ impact.”