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    Reports and Studies

    Reports and Studies

    Independent studies confirm that LNG exports would benefit the U.S. economy and consumers.

    A wide range of experts – including the Department of EnergyDeloitte, and ICF International – have concluded that expanded LNG exports would result in economic, strategic and environmental benefits for America and the U.S. economy with minimal impact on prices for American consumers.

    NERA Economic Consulting, Updated Macroeconomic Impacts of LNG Exports from the United States

    • The NERA Consulting report updates the 2012 Department of Energy study with recent market data, and confirms all major findings: LNG exports provide net economic benefits in all scenarios investigated, and the greater level of exports, the greater the benefits. The United States can be expected to produce more LNG exports at a lower price than was estimated in the 2012 DOE study. Increased LNG exports will add up to 45,000 American jobs by 2018. Expanding the markets for US LNG exports also has the potential to reduce America’s trade deficit by up to $60 billion and add up to $86 billion to the U.S. economy. (March 24, 2014)

    ICF International, U.S. LNG Exports: Impacts on Energy Markets and the Economy

    • The ICF International study examines the U.S. economic impacts of LNG exports, and finds that exports would significantly expand employment and economic growth. The U.S. is projected to gain up to 452,300 jobs by 2035 owing to LNG exports, including up to 76,800 net jobs in the manufacturing sector. U.S. GDP is expected to grow between $15.6 billion and $73.6 billion per year by 2035 as a result of expanded markets for U.S. natural gas. (May 15, 2013)

    Department of Energy/ NERA Economic Consulting, Macroeconomic Impacts of LNG Exports from the United States

    • The NERA study was commissioned by the Department of Energy to evaluate the macroeconomic impacts of LNG exports on the United States. The NERA study concludes that there are net benefits to the U.S. economy across every scenario in which global markets would take LNG exports from the U.S., up to $47 billion in economic gains. Moreover, for every market scenarios examined, net economic benefits increase as the level of LNG exports increases. (April 23, 2013)

    Deloitte, Exporting the American Renaissance: Global impacts of LNG exports from the United States

    • Deloitte Center for Energy Solutions finds that the greatest market impact of LNG exports from the U.S. would be a reduction in the price paid for natural gas by our allies. The Deloitte study finds that the use of market-based rates for U.S. LNG exports could hasten the transition away from the use of oil as a price linkage in international gas supply contracts, providing economic benefits to America’s gas-importing allies by lowering their payments to large incumbent suppliers such as Russia. (2013)

    IHS, America’s New Energy Future: The Unconventional Oil and Gas Revolution and the U.S. Economy

    • IHS asserts that the revolution in unconventional oil and gas production is fundamentally changing the energy and economic outlook of the United States, generating significant job creation, economic growth and government revenues in both the near- and long-term. IHS estimates that nearly $5.1 trillion in capital expenditures will be invested by 2035 for upstream unconventional oil and gas activity, creating nearly 3.5 million jobs by 2035. (October 2012)

    American Council for Capital Formation, Liquefied Natural Gas: Why Rapid Approval of the Backlog of Export Applications is Important for U.S. Prosperity

    • The American Council for Capital Formation (ACCF) asserts that the Obama administration has an opportunity to advance the President’s goal to double exports within five years by exporting natural gas. Supplies are plentiful, and exports would create comprehensive benefits for our economy today and into the future. The report argues that the Department of Energy should allow free markets to determine how much LNG is exported and allow free trade to aid the recovering U.S. economy. (July 2013)

    McKinsey Global Institute, Game changers: Five Opportunities for US growth and renewal

    • The McKinsey study identifies energy as one of five catalysts that can generate rapid job growth in the United States and boost economic activity by 2020. The study finds that the U.S. shale boom could add up to $690 billion a year to GDP and create up to 1.7 million jobs by 2020. The positive impacts will extend from the industry to energy-intensive manufacturing industries and beyond. McKinsey asserts that the United States has the potential to reduce net energy imports to zero—but only if it can successfully address the associated environmental risks. (August 2013)