Completing Pending LNG Export Projects Could Raise Natural Gas Prices for Americans by 9 to 14 Percent

New Energy Innovation analysis finds the Biden Administration’s recent pause on all pending liquified natural gas (LNG) export projects could insulate consumers from massive natural gas cost increases – up to 14 percent higher in added costs per year. In aggregate, approving pending LNG export terminals would increase expenditures on natural gas by U.S. households, businesses, and industry by $11-18 billion per year, with the largest burdens falling on low-income households. Over time, exact expenditures may moderate as producers adjust output to demand.

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