The Biden administration’s short-term pause on new federal export authorizations for LNG tasks, if not reversed, might be a “devastating blow” to the Texas vitality trade, in line with the Texas Oil and Gasoline Affiliation (TXOGA).
The commerce group estimated marketed pure fuel manufacturing within the state remained unchanged at 31.8 Bcf/d versus 2022, in line with its 2023 Annual Vitality and Financial Affect Report, which relied on U.S. Vitality Data Administration (EIA) information.
Crude oil manufacturing rose to five.5 million b/d versus 5.2 million b/d in 2022, in line with TXOGA estimates. Oil output additionally set a report in November at almost 5.7 million b/d, in line with EIA information.
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Related topics:
Biden LNG Pause
Texas
Txoga
