This bill seeks to amend the Energy Policy and Conservation Act to prohibit the export of natural gas produced in the United States. Congressional findings emphasize that natural gas exports consistently lead to increased domestic gas and electricity prices. For example, studies project that unconstrained liquefied natural gas (LNG) exports could raise wholesale domestic natural gas prices by 31 percent by 2050, potentially costing households an additional $122 annually and the industrial sector $125 billion. The legislation notes that the United States is already the world's largest producer and exporter of LNG, setting new records for export volumes. It also highlights that natural gas, primarily methane, is a dangerous greenhouse gas, and its infrastructure causes significant negative health outcomes for communities. To mitigate these impacts and keep domestic energy costs low, the bill mandates the President to promulgate a rule prohibiting natural gas exports, allowing only limited exemptions for national interest without raising residential costs critical national security for the U.S. or allies , which must be approved by a joint resolution of Congress .
This bill seeks to amend the Energy Policy and Conservation Act to prohibit the export of natural gas produced in the United States. Congressional findings emphasize that natural gas exports consistently lead to increased domestic gas and electricity prices. For example, studies project that unconstrained liquefied natural gas (LNG) exports could raise wholesale domestic natural gas prices by 31 percent by 2050, potentially costing households an additional $122 annually and the industrial sector $125 billion. The legislation notes that the United States is already the world's largest producer and exporter of LNG, setting new records for export volumes. It also highlights that natural gas, primarily methane, is a dangerous greenhouse gas, and its infrastructure causes significant negative health outcomes for communities. To mitigate these impacts and keep domestic energy costs low, the bill mandates the President to promulgate a rule prohibiting natural gas exports, allowing only limited exemptions for national interest without raising residential costs critical national security for the U.S. or allies , which must be approved by a joint resolution of Congress .