The effects of President Joe Biden’s LNG import permit ice has reverberated across the world’s oil/gas business. However, in south Texas, where up to 24 job-generating petrochemical infrastructure projects are currently in limbo, are its effects felt more vividly.
The confusion created by the Biden administration’s “temporary delay” on LNG export permits on January 26 most significantly threatens to undermine economic growth in Port Arthur and Beaumont, two port cities where billions in planned job-generating investments by private industries have been tailored to gain local residents and address long-standing group environmental concerns.
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