In an unstable world, American gas is a strategic advantage

Global energy markets sit in uncertainty following this month’s U.S.-Israel air strikes on the Iranian regime. The price of gas jumped to its highest levels in recent years, as much of the world still relies on Middle Eastern oil to fuel transportation. President Trump insists the short term pain is worth it for the security risk. 

When geopolitical tensions flare, energy markets follow — and countries are reminded how vulnerable they remain to supply disruptions. The United States is in a position to change that dynamic through liquefied natural gas exports. Expanding America’s gas export capacity can meet the moment if lawmakers address critical bottlenecks in infrastructure and regulatory processes.

A decade ago, the United States shipped its first​ liquefied natural gas export cargo from the Gulf Coast. At the time, the emerging industry would not have been able to meet a surge in international energy demand like the one we are seeing today. Countries across Europe first turned to the U.S. for gas during the early stages of Russia’s invasion of Ukraine. And although exports doubled during that time, the industry continued to face regulatory constraints as the Biden administration paused approvals for new gas export facilities.

Today, however, the U.S. is the world’s largest liquefied natural gas........

© The Hill