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Energy Tomorrow Blog

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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IEA: Opportunity for U.S. Energy as Global Demand Grows

iea  energy demand  us energy  exports 

Mark Green

Mark Green
Posted November 15, 2017

IEA’s statement above is remarkable. What it means is that the energy security goals U.S. leaders have discussed for more than 40 years appear to be coming into view. Thanks to modern, data analytics-based exploration and production, the United States will produce natural gas and oil at unprecedented levels, decreasing oil imports and growing opportunities for U.S. energy in the global marketplace. 

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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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Strengthening America’s Energy Superpower Status

oil and natural gas  exports  lng  russia  us energy security 

Mark Green

Mark Green
Posted July 7, 2017

An important factor in sustaining and growing the United States’ position as an energy superpower is the continued ability of U.S. natural gas and oil companies to operate competitively the world over, to continue developing the energy needed here at home while also supporting energy exports to aid friends overseas. Legislation crafted by the U.S. Senate to increase sanctions on Russia could work against this.

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Natural Gas, LNG Exports and Benefits to the U.S.

lng  exports 

Mark Green

Mark Green
Posted May 12, 2017

The export of U.S. liquefied natural gas (LNG) continues to yield economic and other benefits locally, regionally and to our country as a whole. Two recent news items illustrate – a report detailing the boost LNG exports is giving the Texas economy, and an agreement by Poland to buy American LNG, further expanding opportunities for a valuable U.S. commodity.

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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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Refined Products Trade Benefits North America

refineries  petroleum products  energy exports  canada  mexico  trade 

Mark Green

Mark Green
Posted March 22, 2017

Exports of finished petroleum products – including finished motor gasoline, propane, distillate fuel oil and others – to Canada and Mexico are a big part of the North American energy market that we posted on here, a market that is providing economic and security benefits to all three countries.

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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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