Despite what you may have heard, data — and nearly a decade of real-world market experience — tells us that U.S. liquefied natural gas (LNG) exports do not increase energy prices for American consumers. U.S. gas prices have stayed near history lows because domestic production often outpaces demand.
What’s behind price spikes in your energy bill: chokepoints in pipelines and storage. When gas can’t flow freely from wellheads to households, it drives up local costs. The cure isn’t throttling exports but building more pipes and adding storage so supplies can move smoothly from the field to your furnace.
To lower energy costs in America, policymakers could address these chokepoints by streamlining permitting and approval processes and empowering midstream companies to build new infrastructure.
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