The 105-Yr-Old Jones Act Strangles U.S. Energy; Time to Repeal It
We’ve railed against the Jones Act for years. The Jones Act, passed in 1920, requires goods shipped between U.S. ports to be transported on ships that are built, owned, and operated by U.S. citizens or permanent residents. The problem is, big LNG tankers are all built, owned, and/or operated by foreign countries. You can’t fill up an LNG tanker in Sabine Pass or Cove Point and float it into Boston Harbor and unload it because the ship is not “U.S.-flagged.” It’s illegal under the Jones Act. We came close to repealing it during the first Trump administration, but ultimately failed (see Insider Bureaucrats Sunk LNG Jones Act Waivers During Trump Admin). We spotted a new column echoing our opposition to the Jones Act from the Cato Institute, saying the law is “strangling” U.S. energy, and it’s past time to repeal the law. Read More “The 105-Yr-Old Jones Act Strangles U.S. Energy; Time to Repeal It”
MDN chronicled the rise and fall of Tellurian, founded by Charif Souki (who also founded Cheniere Energy), and Tellurian’s LNG export project, Driftwood. Tellurian’s primary focus was to build Driftwood LNG, a 27.6 million tonnes per annum (MTPA) facility that would cost $14.5 billion. Construction began on the project in March 2022, even without a final investment decision (see 
In September 2022, the Delaware River Basin Commission (DRBC), a dysfunctional, hot mess of an organization, voted to extend a permit to build the special LNG export dock along the shoreline of the Delaware River in New Jersey by an extra three years (see 
We have a second “producer does a deal to buy (not sell) LNG” story today. ConocoPhillips, a huge oil-focused driller, announced a deal to buy 1.0 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from the Rio Grande LNG project. How does this news tie into the Marcellus/Utica? It doesn’t do so directly, but it does so indirectly. First, this deal shows that EQT is not the only driller to move into the role of LNG trader. Others are now doing it, too. A trend? Second, EQT signed its own deal with Rio Grande for 1.0 MTPA of LNG just last week (see 
In August 2025, the United States achieved a brand new record high in liquefied natural gas (LNG) exports, exporting 9.33 million metric tons—surpassing April’s previous record of 9.25 million and July’s 9.1 million—as plants returned from maintenance and Venture Global’s Plaquemines facility expanded output. Plaquemines, a 27.2 MTPA plant that began operations in December 2024, contributed 1.6 million tons, or 17% of the total, and is expected to be fully operational in September. Europe took 6.16 million tons (66%, up from 58% in July) amid lower storage levels, while exports to Asia fell to 1.47 million tons. Egypt imported 0.57 million tons, and Latin America’s imports dropped to 0.69 million tons, with 0.37 million tons unallocated. 
This is a “man bites dog” kind of story. EQT Corporation, now the second-largest natural gas producer in the U.S. (not far behind Expand Energy), has been pushing LNG (liquefied natural gas) for years. Since 2022, we’ve called EQT CEO Toby Rice the “apostle of LNG,” spreading the LNG gospel far and wide in an effort to expand U.S. LNG exports (see 
A Reuters reporter/commentator published an article that chronicles (with lots of facts, statistics, and charts) the coming rapid buildout of both gas-fired power generation and LNG exports in the U.S. He pitches the situation as a coming “clash of the Titans” (our words, but his sentiment). The author believes that the buildout of new gas-fired plants will sop up molecules that would have gone to LNG export plants, setting up a price war for those molecules. (One could only hope!) We have a different perspective.