The rise of American natural gas

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 5 July 2023

⏱️ 9 minutes

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Summary

In early 2016 the U.S. barely exported any liquified natural gas at all. Now it's the leading exporter of the fossil fuel — on track to way surpass Qatar and Australia. How did that happen? Today on the show, we talk to one of the men who triggered the American exporting revolution.

Transcript

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0:00.0	NPR.
0:12.0	So if you think about two huge news items over the last year,
0:15.0	Europe's economic standoff against Russia
0:18.0	and this year's debt ceiling fiasco,
0:21.0	they share something in common.
0:23.0	Well, yeah, plenty of things like huge egos,
0:25.0	brinkmanship, serious collateral damage.
0:29.0	Yes, but that's not quite where I was going.
0:31.0	In both of these dramas, there was a surprising role played
0:34.0	by American natural gas.
0:36.0	Oh, yeah, of course.
0:37.0	Like, US natural gas stepping in after Russia
0:40.0	shut down its pipes to Europe, right?
0:42.0	Yes. And the end of the debt ceiling fiasco
0:44.0	seemed to involve greenlighting a contentious natural gas pipeline.
0:48.0	Of course.
0:49.0	In order to secure a Democratic Senator Joe Manchin's support.
0:53.0	Yeah, so I see what you're getting at here.
0:54.0	It seems like natural gas is kind of like this obscure actor
0:57.0	who's suddenly getting what the Hollywood leading roles.
0:59.0	And you'll be excused for thinking,
1:01.0	we're talking a lot more about natural gas than we were.
	...

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