U.S. Natural Gas Exports: A Double-Edged Sword for Domestic Consumers

After reading Art Berman's excellent summary of how fast-growing U.S. natural gas exports are likely to reduce domestic supplies significantly over the next several years as shale gas output begins to decline, I want to assure you that everything has been going according to plan for the natural gas industry, that is, until now. On Friday the Biden Administration announced a freeze on new permits for liquefied natural gas (LNG) export facilities that could last up to 15 months. The administration said that during the freeze it will review the environmental…