A manufacturer trade group and other opponents of U.S. LNG exports re-upped their call for the U.S. government to restrict shipments of natural gas to world markets despite few signs that the White House is amenable when allies are facing potential gas shortages.
The Industrial Energy Consumers of America, or IECA, said Jan. 25 that surging LNG exports harm domestic consumers and that U.S. President Joe Biden should rein them in. The group was joined by the Institute for Energy Economics and Financial Analysis.
“What [the U.S. Energy Department] has put in place is an extreme LNG export policy, and it is anti-consumer,” IECA President and CEO Paul Cicio said.
For years, the IECA has asked the Energy Department to order U.S. LNG producers to throttle back exports of the fuel. The U.S. gas industry has pushed back on such requests, arguing that restricting exports would erode the status of the U.S. as a reliable trading partner, upend global gas markets and undermine billions of dollars worth of infrastructure investments when LNG exports are not solely to blame for domestic price increases.