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April 17, 2024
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Public Citizen: Natural Gas Exports Driving up US Gas, Power Prices
Blue Hydrogen Hubs Could Exacerbate Problem
Freeport LNG on Quintana Island, Texas, has been shut down since June following an explosion and fire. Its reopening, possibly in December or early 2023, is expected to drive U.S. natural gas prices <span style="color: rgb(65, 65, 65); letter-spacing: normal; orphans: 2; text-align: left; white-space: normal; widows: 2; word-spacing: 0px; display: inline !important; float: none;">—</span> and possibly power prices <span style="color: rgb(65, 65, 65); letter-spacing: normal; orphans: 2; text-align: left; white-space: normal; widows: 2; word-spacing: 0px; display: inline !important; float: none;">—</span> higher over the winter as more gas is exported.
Freeport LNG on Quintana Island, Texas, has been shut down since June following an explosion and fire. Its reopening, possibly in December or early 2023, is expected to drive U.S. natural gas prices and possibly power prices  higher over the winter as more gas is exported. | Freeport LNG Development
A surge in U.S. LNG exports is driving up domestic natural gas prices and contributing to uncertainty about the reliability of the grid as winter begins.
Department of EnergyFERC & FederalFossil FuelsHydrogenNatural GasPublic Policy