ICF study outlines LNG exports' benefits to US economy

05/27/2013
LNG exports could create at least 73,100-145,100 and up to 220,100-452,300 new US jobs over 20 years while having a minimal impact on US gas prices, a new ICF International study commissioned by the American Petroleum Institute concluded. The study, US LNG Exports: Impacts on Energy Markets and the Economy, also found LNG exports would increase US gross domestic product by $15.6-73.6 billion/year from 2016 to 2035. The projection included the impacts of liquids that would be produced with the gas, greater petrochemical (olefins) production from more abundant natural gas liquids feedstock, and all economic multiplier effects. As many as 25,000 of the new jobs would be in manufacturing, the...
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