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U.S. Energy Secretary Says America Can Double Natural Gas Exports Without Raising Domestic Prices

GateNews

2026-05-16 15:41:37

According to Jin10 on May 15, U.S. Energy Secretary Wright said at an event in Sabine Pass, Texas, that the Trump administration is committed to lowering gas prices. “We understand that Americans are paying more for gasoline than expected, and higher than we would like,” he said. “However, containing Iran’s ability to obtain nuclear weapons is critical, and while this has caused some near-term disruptions, gas prices will fall quickly.”

Wright stated the U.S. can “easily” double its natural gas exports without pushing up domestic prices. He noted the country’s abundant natural gas resources and pointed out that current exports represent about 20% of U.S. natural gas production.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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