Made in America: Leading the Way in Energy Innovation
Unlocking Our Potential
The U.S. is the world’s largest producer of natural gas, but misguided policies are slowing us down. Thanks to the high environmental standards of American producers, our nation’s natural gas is among the cleanest in the world. If lowering carbon emissions is the goal, there’s no better way to do so than ensuring an abundance of American-made natural gas is available to the world.
Meeting Domestic and Global Needs
Demand for natural gas is projected to reach all-time highs in the coming years and the U.S. is fortunate to be home to an abundant supply that can meet these needs both at home and for our allies abroad. Natural gas for power generation provides 43 percent of America’s electricity and its availability helps keep energy affordable for Americans. We should ensure there is adequate infrastructure for American natural gas to meet both domestic and international demand.
Helping Our Allies: Strengthening Global Energy Security
Crucial Support for Europe
U.S. liquefied natural gas (LNG) is essential for helping Europe reduce its reliance on Russian energy. In 2022, the U.S. increased LNG shipments to Europe by 141 percent, sending over 800 cargoes. Despite these efforts, 10 percent of the E.U.’s natural gas still comes from Russia. Both Europe and Asia face long-term supply shortages that could impact their energy security. U.S. restrictions on the approval of LNG export projects weaken our global influence and allow other countries to step in.
Choosing the Future of Global Energy
Playing politics with global energy security undermines American credibility and adds uncertainty during a period of extreme geopolitical volatility. Our policymakers face a crucial decision: will America, Russia, or the Middle East provide energy to our allies around the world?
While the U.S. imposes restrictions on LNG export projects, Russia and Iran are actively expanding their export facilities. This shift not only impacts global energy dynamics but also influences our standing on the international stage.
Supply Issues: Balancing Demand
Proven Capacity
American natural gas producers have successfully met growing global demand while maintaining a well-supplied domestic market. Since the U.S. began exporting LNG in 2016, our LNG exports have increased by over 2,200 percent. During the same period, the average price of natural gas has been $3.27 per MMBtu, marking a 37 percent decrease compared to the average price over the previous decade.
Supporting Economic Growth
Studies show that U.S. natural gas prices remain among the lowest in the world thanks to an abundance of supply, consumption, and growing export capacity. A robust domestic natural gas industry provides economic benefits at home and abroad, supporting over 200,000 jobs, $23 billion in labor income, and $43 billion in GDP in 2023 alone. Constrained production, transportation, and export infrastructure hinders economic growth and restricts access to affordable, reliable U.S. natural gas.