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A driver fills up a truck with liquid natural gas. Photo: J. Emilio Flores via Getty Images

A company planning to export liquefied natural gas from the Gulf Coast will warn lawmakers this morning that surging U.S. gas production could become "stranded" absent bigger investment in pipeline and LNG infrastructure.

On the record: In testimony prepared for a House Natural Resources Committee hearing today on the geopolitics of LNG, Tellurian president Meg Gentle says the government plays a key role in both laying the infrastructure groundwork for exports and offering a supportive and efficient regulatory environment.

"The U.S. clearly enjoys many advantages, but our valuable supply stands at risk of being left behind if we don’t build infrastructure now."
Tellurian president Meg Gentle

By the numbers: Gentle says her company plans to invest $29 billion in infrastructure. But, she says more is needed — an estimated $170 billion is required in initial investments industry-wide.

Why you'll hear about this again: The U.S. is poised to become a key player in global LNG markets. Exports from the Gulf Coast that began in 2016 with Cheniere Energy helped the U.S. recently become a net gas exporter.

  • Pipeline exports are currently much larger. But the Energy Information Administration's long-term forecast shows LNG increasingly dominating the nation's gas trade.

Shell's global warning: In a report yesterday, Shell points out that final investment commitments in LNG projects worldwide have stalled since 2015. And, this creates the risk of a supply-demand gap opening in the mid-2020s.

  • The problem, Shell says, is a "mismatch" — customers want shorter and smaller contracts, but that does not bring the kind of certainty that supports investment commitments for massive new supply projects.

Go deeper: CNBC breaks down Shell's analysis here.

Go deeper

Swing voters oppose Texas abortion law

Protesters at a rally at the Texas State Capitol. Photo: Jordan Vonderhaar/Getty Images

All 10 swing voters in Axios’ latest focus groups — including those who described themselves as "pro-life" — said they oppose Texas' new anti-abortion law.

Why it matters: If their responses reflect larger patterns in U.S. society, this could hurt Republicans with women and independents in next year's midterm elections. The swing voters cited overreach, invasion of privacy and concerns about frivolous lawsuits jamming up the courts.

1 hour ago - Politics & Policy

Scoop: Biden bombs with Manchin

Then-Vice President Joe Biden conducts a ceremonial swearing-in for Sen. Joe Manchin in 2010. Photo: Tom Williams/Roll Call

President Biden failed to persuade Sen. Joe Manchin (D-W.Va.) to agree to spending $3.5 trillion on the Democrats' budget reconciliation package during their Oval Office meeting on Wednesday, people familiar with the matter tell Axios.

Why it matters: Defying a president from his own party — face-to-face — is the strongest indication yet Manchin is serious about cutting specific programs and limiting the price tag of any potential bill to $1.5 trillion. His insistence could blow up the deal for progressives and others.

Biden blindsides Europe with new AUKUS alliance on China

Photo illustration: Sarah Grillo/Axios. Photo: Melina Mara/The Washington Post via Getty Images

President Biden is constructing and deepening new alliances to strengthen the U.S. position in its showdown with China, but he risks alienating longstanding allies in the process.

Why it matters: Biden heralded a new agreement to help Australia acquire nuclear submarines as part of a trilateral security pact with the U.K. and the U.S. as an "historic step" to update U.S. alliances to face new challenges. The message from French foreign minister, Jean-Yves Le Drian, was quite different.