Liquefied Natural Gas Exports: America's Opportunity & Advantage
The United States is now the leading natural gas producer in the world. We have an abundant supply of this clean, affordable and reliable resource that will let us power our nation for generations to come. Just a few years ago the U.S. was expected to be a major importer of natural gas. The shale revolution has virtually eliminated our need for gas imports, and we have begun to export some of our gas. The first shipment of U.S. LNG left in February 2016 and since then the U.S. has shipped LNG to Europe, Asia and South America. Our abundant supply means that the U.S. does not have to import significant amounts of LNG for domestic use, creating greater certainty of supply and putting downward pressure on prices around the world.
The shale revolution has not occurred in a vacuum, and while the U.S. is reaping the benefits of not being tethered to other countries to meet its energy needs, in many cases our allies are growing more dependent. This abundant resource has presented an opportunity for the U.S. to become an influential global energy leader – a leader that will be a reliable and transparent trading partner in energy for allies abroad. A robust natural gas export policy will enhance our energy leadership, and it also will help grow our economy, support our manufacturing sector, strengthen our national security interests and protect our environment. Transparent and timely permitting and licensing procedures of LNG export terminals are one way to fully realize the benefits of LNG exports.
More Information on LNG Exports:
- What is LNG?
LNG, or liquefied natural gas, is a clear, odorless, noncorrosive, nontoxic liquid that is formed when natural gas is cooled to around -260 F
- U.S. Natural Gas Resources and Consumption
Thanks to advanced hydraulic fracturing and horizontal drilling, the United States has abundant volumes of natural gas to supply domestic needs and to export to friends and allies abroad
- The World LNG Market
The time for export is now. Planned and proposed LNG liquefaction capacity in the U.S. and the rest of the world will exceed projected global demand
- The Benefits of LNG Exports
The U.S. has an unprecedented opportunity to be a world leader in setting and driving global energy policy. Overseas trade promotes domestic jobs and economic growth. Expanding demand for U.S. natural gas abroad will drive investment, GDP growth, rising incomes and job creation
- LNG Exports and Safety
More natural gas can be transported safely in its liquid state because it is not explosive or flammable as a liquid
- What they are Saying
President Barack Obama, John Kerry, Ernest Moniz, Robin Dunnigan, Paula Gant, Wall Street Journal, White House Council of Economic Advisers, Amos Hochstein, David Goldwyn, Bill Richardson and Spence Abraham, retired Gen. James L. Jones, David Montgomery