LNG Intro

Faced with a glut of gas, the U.S. market pivoted toward liquefied natural gas, which is fracked gas that is chilled and pressurized into a liquid so it can be transported overseas

Answer

Producers bet that exporting LNG would relieve the pressure valve on the market and raise the distressingly low price of domestic gas. Most importantly to U.S. gas producers, it would solve the existential crisis renewables pose to U.S. fracking by keeping the market alive. In the past five years, industry has doubled down on LNG export, applying for permits to convert existing regasification facilities for LNG import to liquefaction terminals for export.

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