U.S. liquefied natural gas (LNG) exports are not to blame for the sharp spike in Henry Hub prices, according to a leading trade group. 

“The idea that LNG is having some outsized impact on price is mathematically impossible when we actually start to dig into this,” said Executive Director Charlie Riedl of the Center for LNG (CLNG). “What we’re talking about is 10% of U.S. natural gas demand comes from LNG.”

Riedl made his comments at the LDC Natural Gas Forum in New Orleans last week, primarily in response to the Industrial Energy Consumers of America (IECA). Last month, IECA revived an argument by calling on the Department of Energy (DOE) to reduce export rates and review permits for new projects to prevent domestic gas prices from spiking further. U.S. prices have...