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LNG exports represent opportunity to boost US economy

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Hydrocarbon Engineering,

Marty Durbin, President and Chief Executive Officer of America's Natural Gas Alliance (ANGA), has announced the release of a new white paper, encouraging US policymakers to move expeditiously to approve terminals that allow for the export of liquefied natural gas.

The paper, ‘Carpe Diem: LNG Exports Are America's Once in a Generation Opportunity’, paints a compelling picture of a US energy resource that is poised to transform global markets, increase strategic geopolitical advantages for America and its allies and reduce carbon emissions on a global scale, all while continuing to drive economic growth at home.

"The latest estimates confirm, again, that our natural gas supply is sustainable, reliable and large enough to last more than a century," Durbin said. "This means the US can be a global energy leader without sacrificing our domestic advantage. But we must accelerate approval of export facilities in order to secure that role and maximise the benefits both here at home and globally."

The white paper details the significant economic, environmental and geopolitical benefit derived from LNG exports, and cites extensive research showing such exports would result in negligible cost increases for natural gas in the US.

Adapted from press release by Rosalie Starling

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