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Energy Tomorrow Blog

Don’t Let U.S. LNG Exports Become Casualty of Tariff Policy

trade  lng exports  liquefied natural gas  china 

Mark Green

Mark Green
Posted August 8, 2018

A couple of observations on China’s announcement late last week that it may impose a 25 percent tariff on U.S. shipments of liquefied natural gas (LNG) to that country – which would be in retaliation for announced U.S. tariffs on certain Chinese goods coming into this country.

First, China was the third-largest importer of U.S. LNG in 2017, accounting for nearly 15 percent of our LNG exports, according to the U.S. Energy Information Administration (EIA).  As those numbers indicate, this exchange of tariffs could leave a mark as far as U.S. energy exports are concerned. ...

If U.S. energy exports are restricted – at the same time trade policies have been adopted that increase the cost of the steel our industry uses – there’s a risk of significantly affecting a sector that has been a driving force for economic growth. It’s a big price to pay. 

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New Study, Familiar Result: LNG Exports Benefit U.S.

lng exports  natural gas benefits  economic growth  trade 

Mark Green

Mark Green
Posted June 13, 2018

The U.S. Energy Department’s latest study on the economic impacts of exporting liquefied natural gas (LNG) reaches a by-now familiar top-line conclusion: Exporting U.S. LNG is good for the economy, and those benefits will outweigh domestic cost impacts.

We say familiar, because this is the fifth DOE study on LNG exports – and the fifth to describe broad, positive economic impacts for the United States from shipping natural gas to friends and allies overseas – which should end claims that LNG exports could harm American consumers.

Certainly, no one can say the issue hasn’t been thoroughly analyzed – not after five government studies and two commissioned by our industry (see here and here).

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The Growing Momentum of U.S. LNG Exports

natural gas  lng exports  us energy security  emission reductions 

Mark Green

Mark Green
Posted March 27, 2018

The U.S. Energy Information Administration reports that the U.S. has become a net natural gas exporter for the first time since 1957 and that exports of liquefied natural gas (LNG) quadrupled in 2017 over 2016. Here's why these developments are important for the United States.

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U.S. Innovations Shift Global LNG Market

liquefied natural gas  lng exports  innovation  trade 

Dean Foreman

Dean Foreman
Posted March 12, 2018

Low U.S. natural gas prices have spurred liquefied natural gas (LNG) exports and major petrochemical projects that have become a springboard for U.S. jobs, wages, housing, education and services – everything that comes with major new capital projects and their broad-based boost to the economy. An important corollary is that U.S. technological innovation is translating into innovative business practices that are helping to increase the global trade, volumes and liquidity of natural gas markets while also advancing environmental goals by reducing greenhouse gas emissions in the power sector. 

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Natural Gas Abundance Generates Export Opportunities

lng exports  natural gas  consumers  economic growth 

Dean Foreman

Dean Foreman
Posted February 28, 2018

In the first API Chart of the Month, we looked at historical U.S. trade in oil and natural gas. This month, let’s examine global liquefied natural gas (LNG) prices, which increasingly have helped to anchor U.S. natural gas production and reinvigorate local jobs, wages, housing, education and services – everything that comes with major new capital projects and their broad-based boost to the economy.

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Natural Gas Abundance and LNG Exports

lng exports  natural gas  consumers  economic growth  jobs 

Mark Green

Mark Green
Posted October 3, 2017

Here’s what we’ve learned since a 2013 study projected job and economic gains from exporting U.S. liquefied natural gas: The jobs and economic growth are still positive and significant, the domestic price impacts are about half of what was estimated four years ago and we have more natural gas than we thought.

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LNG Exports, Growing U.S. Energy Opportunity

natural gas  lng exports  jobs  economic growth 

Mark Green

Mark Green
Posted August 14, 2017

A couple of new data points from the government show the importance of U.S. liquefied natural gas (LNG) exports to America’s trading posture and to its global energy security role, as a growing supplier of natural gas. First, the U.S. Energy Information Administration (EIA) reports that the U.S. exported more natural gas than it imported in three of the first five months of this year – February, April and May – which is historic since the U.S. has been a net importer (on an average annual basis) for nearly 60 years.

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FERC’s Quorum, Infrastructure and Natural Gas Exports

federal government  infrastructure  lng exports  natural gas  pipelines 

Mark Green

Mark Green
Posted August 7, 2017

FERC’s restored quorum is a good time to remind everyone how critically important infrastructure is to America’s ongoing energy renaissance. This country’s abundance of natural gas and oil – unlocked by modern hydraulic fracturing and horizontal drilling – has made the U.S. the world’s leading gas and oil producer, grown the economy, benefited consumers and boosted American manufacturing while playing an important role in U.S. progress on air quality and climate. These benefits are brought by a natural gas and oil industry that is, itself, an economic dynamo: 10.3 million jobs supported, $1.3 trillion generated to the national economy and economic impacts provided in all 50 states.

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Golden Pass Approval Advances U.S. LNG Exports

natural gas  lng exports  trade  climate  us energy security 

Mark Green

Mark Green
Posted April 26, 2017

The Trump Administration issued its first LNG export approval, with the Energy Department authorizing the Golden Pass project in Texas to export up to 2.21 billion cubic feet per day to non-Free Trade Agreement countries. It’s a big step forward for the joint venture between ExxonMobil, ConocoPhillips and Qatar Petroleum, which filed its original application with DOE in August 2012 and expects the project to support 45,000 jobs over five years and 3,800 permanent jobs over the next 25 years of operation.

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Global Marketplace Beckons U.S. LNG Exports

natural gas  lng exports  trade  economic growth  us energy security  energy department 

Mark Green

Mark Green
Posted March 16, 2017

The global LNG market is developing, and the spot market’s growing liquidity could favor U.S. exporters, already benefiting from abundant domestic supply and ready access to the Panama Canal. America has the natural gas and access to markets. Artificial restrictions on LNG export project development should be removed. The potential benefits to the United States are significant. 

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