NRGBriefs: Increased US LNG Exports Could Add $73bn to US Economy

(Energy Analytics Institute, 30.Jun.2022) — Energy briefs including Freeport LNG Development, L.P. eying a partial resumption of liquefaction operations in October 2022; and the American Petroleum Institute (API) forecasting that increasing US LNG exports could support 220,000-452,000 additional American jobs and add up to $73bn to the US economy by 2040.



Freeport LNG Development, L.P. eyes the partial resumption of liquefaction ops will commence in Oct. 2022, which will allow for delivery of substantially all baseload production volumes. Freeport LNG continues to forecast that its facility in Texas will return to full production by YE:22.

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— A new study by the American Petroleum Institute (API) showed that increased exports of clean and abundant US natural gas, in the form of LNG, could support 220,000-452,000 add’l American jobs and add up to $73bn to the US economy by 2040. The study, conducted by ICF International, also concluded that increased LNG exports would have a minimal impact on the natural gas prices. Greater use of natural gas across the world is estimated to reduce global greenhouse gas emissions, just as natural gas in US power generation has helped reduce US GHG emissions to near 25-yr lows.


By Ian Silverman, Aaron Simonsky and Piero Stewart. © Energy Analytics Institute (EAI). All Rights Reserved.