Trump’s Energy Dominance Clashes with Soaring Bills at Home

Core Insights - The Trump Administration's energy dominance agenda and increasing LNG exports are raising domestic natural gas demand and energy bills [1][2] - U.S. LNG exports reached 15.0 billion cubic feet per day in the previous year, with projections of 16.4 Bcf/d in 2026 and 18.1 Bcf/d by 2027 [3] - Higher natural gas prices are expected to incentivize increased drilling in shale basins, leading to record-high natural gas production by 2026 and 2027 [4][5] Natural Gas Demand and Prices - The demand for feedgas from LNG export facilities is exerting upward pressure on residential gas prices and power prices, with the power sector being the largest domestic gas consumer [2] - The U.S. is experiencing unprecedented growth in power demand, driven by AI infrastructure and data centers, with an average growth rate of about 2% per year over the next decade [6][7] Production Growth - U.S. natural gas marketed production is projected to increase by 2% to 120.8 Bcf/d in 2026 and further to 122.3 Bcf/d in 2027, primarily driven by the Appalachia, Permian, and Haynesville basins [5] - The increase in natural gas production is expected to help alleviate some of the upward pressure on gas and electricity prices [5]