U.S. LNG Export Boom: $44 Billion Annual Industry at Risk Without Biden Pause Reversal

The U.S. has become one of the world's leading liquefied natural gas (LNG) exporters, creating a $44 billion annual industry in just over a decade.

However, if the Biden administration's LNG pause had never been lifted, the consequences would have been severe, with the global LNG market facing prices 50% higher by 2031.

The S&P Global Energy study, sponsored by the U.S. Chamber of Commerce, reveals that constraining U.S. LNG exports would have led to fewer American jobs, less investment, and higher energy costs for allies, while giving adversaries like Russia greater leverage.