A group of business and economic development organisations has launched a new coalition – Our Energy Moment – dedicated to raising awareness and celebrating the benefits of expanded liquefied natural gas (LNG) markets.
The new coalition will host a launch event on 7th February 2014 titled Energy & the 113th Congress which will bring together members of Congress, thought leaders, key stakeholders and other energy and business leaders for an in-depth consideration of energy policy in 2014.
“Today, we can truly say America is in the midst of an energy transformation. Once a major importer of energy, the US is now poised to become a net producer of natural gas,” commented Charles Ebinger, a leading energy expert and supporter of Our Energy Moment. “Our Energy Moment is being launched to raise awareness of the historic opportunity for the US to assert global energy leadership, strengthen its economy and create American jobs by expanding domestic and international markets for US natural gas.”
Members of the coalition include:
- Amtex Security Inc.
- Cheniere Energy
- Committee of 100 Louisiana
- Greater Lafayette Chamber of Commerce
- Gonzales Economic Development Corp.
- Heritage Energy Co.
- Knight Oil Tools
- Louisiana Mid-Continent Oil and Gas Association
- Louisiana Oil & Gas Association
- San Antonio Hispanic Chamber of Commerce
- S&B Infrastructure , Ltd.
- Shale Gas Innovation & Commercialization Center
- Sempra LNG
- South Texas Energy & Economic Roundtable
- SWLA Economic Development Alliance
“Expanded markets for LNG represent an incredible opportunity for the US to create jobs and spur economic growth right here at home,” added US Senator Mary Landrieu, a senior member of the Senate Energy and Natural Resources Committee. “Our plentiful natural gas reserves are a game-changer for our economic and energy security, and a clear economic win for America and for my home state of Louisiana. This definitely is our energy moment – all we have to do is seize the opportunity.”
State of the Union
In the State of the Union address, President Obama highlighted the key role natural gas plays in job creation and in America’s transition to energy independence. The President emphasised that “one of the biggest factors in bringing more jobs back is our commitment to American energy.”
LNG exports are expected to generate as much as US$ 47 billion in net benefits to the US economy and create up to 450 000 new jobs. Exports will help to expand markets for the country’s competitive natural gas industry, which is on track to create more than 2.4 million American jobs by 2035. LNG exports will help reduce the US trade deficit by as much as US$ 27 billion, and will strengthen America’s energy security by supporting US allies around the globe and reducing their reliance on natural gas from countries like Iran and Russia.
A 2010 report by MIT’s Energy Initiative The Future of Natural Gas found the following:
“[A] global ‘liquid’ natural gas market is beneficial to US and global interests and, at the same time, advances security interests through diversity of supply and resilience to disruption. The US should pursue policies that encourage the development of such a market, integrate energy issues fully into the conduct of US foreign policy, and promote sharing of know-how for strategic global expansion of unconventional gas production.”
Edited from various sources by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/06022014/coalition_to_highlight_benefits_of_expanded_lng_markets_133/