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    OEM Applauds Department of Energy's Report on LNG Exports in New Analysis

    WASHINGTON - Our Energy Moment (OEM) issued the following statement today following release by the U.S. Department of Energy (DOE) of an updated study assessing the economic impact of domestic liquefied natural gas (LNG) export levels between 12 and 20 billion cubic feet per day (Bcf/d).

    "We applaud the DOE for its thorough review of the economic impact of LNG exports.  The study confirms what we already knew: that LNG exports create jobs and benefit the U.S. economy," said Andrew Ware, an OEM spokesperson. "The latest DOE study strengthens the case for increased exports, finding that LNG exports will generate up to 30,000 jobs and add up to $20 billion to the U.S. economy annually through 2040 by incentivizing new investments in infrastructure and expanding markets for domestic goods."

    The new study updates an earlier DOE report released in December 2012 that examined the impacts of up to 12 Bcf/d of LNG exports. Consistent with findings of the first report, the latest DOE study concludes that the United States will experience net economic benefits from LNG exports, and that economic benefits expand as LNG exports increase.

    The study, which was published in the Federal Register and open for comment until February 12, 2016, can be found at http://energy.gov/sites/prod/files/2015/12/f27/20151113_macro_impact_of_lng_exports_0.pdf

    To learn more about domestic and geopolitical benefits of U.S. LNG exports, click here.

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