The Center of Liquefied Natural Gas (CLNG) has issued a statement in response to a recent study from the US Department of Energy (DOE), which assessed the macroeconomic impacts of US LNG exports.
The new study was conducted by Rice University’s Baker Institute and Oxford Economics. It examines export scenarios of 12 - 20 billion ft3/d – expanding upon the 6 - 12 billion ft3/d scenarios studied in the 2012 DOE-commissioned report.
Casey O’Shea, Spokesman for CLNG, said: “By finding that through 2040 the US economy will gain between US$7 and US$20 billion annually across expanded export scenarios, [the] DOE’s latest study reinforces the case for increased US LNG exports. In addition, these findings add urgency to the passage of the LNG Permitting Certainty and Transparency Act, which provides greater certainty for LNG export permitting process. Passage of the Act will help support America’s growing LNG export industry.
“This report is the latest addition to the large body of existing research showing that we can export LNG without adversely affecting the availability or affordability of our abundant natural gas supplies. Furthermore, new LNG export projects would usher in a wave of economic prosperity and jobs across our nation – while offering our trading partners around the world a pathway to energy security and a cleaner environment.
“This study reaffirms that the time for US LNG exports is now. With the US facing stiff global competition for the opportunity to export LNG, timely export permits from the DOE are becoming increasingly pressing. We call on Congress to support legislation ensuring that LNG export applications would be reviewed quickly – and to help America fulfill its potential as an energy powerhouse.”
Edited from various sources by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquefaction/04012016/clng-welcomes-doe-study-1819/