How the US' LNG export ban is impacting Germany | Transforming Business

The White House has paused all future liquified natural gas export projects. Environmental activists and scientists think it's the right move - LNG is a fossil fuel and has huge environmental consequences. But Biden’s critics say the decision is a catastrophe, made only to pander to young Democratic voters ahead of national elections. His opponents argue that the decision threatens U.S. jobs and energy security in countries like Germany, which rely on U.S. LNG as a transition fuel while vamping up renewable energy. Chapters: 00:00 Louisiana LNG 02:07 Behind Biden's Decision 03:42 Germany's Energy Security 05:22 Transition Fuel 07:55 LNG and the Economy 08:34 What Does Biden's Pause Do? 09:15 Conclusion Subscribe: https://www.youtube.com/user/deutschewelleenglish?sub_confirmation=1 For more news go to: http://www.dw.com/en/ Follow DW on social media: ►Facebook: https://www.facebook.com/deutschewellenews/ ►Twitter: https://twitter.com/dwnews ►Instagram: https://www.instagram.com/dwnews ►Twitch: https://www.twitch.tv/dwnews_hangout Für Videos in deutscher Sprache besuchen Sie: https://www.youtube.com/dwdeutsch #LNG #fossilefuels #energysecurity