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Posts Tagged ‘LNG export pause’

S&P Global: “Growing exports of US LNG would have substantial economic benefits while domestic natural gas prices would remain among the lowest in the world.”

Posted in energy policy, natural gas, tagged , , , , on December 28, 2024| Leave a Comment »

This important S&P Global study is particularly breathtaking for those of us who remember when Gulf of Mexico LNG import facilities were in the advanced planning stages. The shale gas pioneers completely reversed the scenario!

“The LNG industry is critical to serving the world’s energy needs and has rapidly become an integral contributor to the US economy.”

Let’s not repeat the harmful pause in the construction of LNG export facilities. Per S&P Global:

“The impact of an ‘extended halt’ in new US LNG development due to legal and regulatory risks is striking. In this scenario, more than $250 billion in lost contribution to GDP and an average of >100,000 US jobs are at risk. Gas price savings in an ‘extended halt’ are minimal for domestic consumers, with less than 1% gas cost impact per household. Furthermore, 85% of the energy gap from lost US LNG is expected to be filled by fossil fuels from non-US sources.”

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Saluting natural gas

Posted in climate, energy policy, natural gas, Offshore Energy - General, tagged , , , on January 30, 2024| Leave a Comment »

In the wake of the decision to “pause” LNG export approvals, it’s important for us to also pause and reflect on the natural gas revolution.

Gas now accounts for 40% of our power generation.

The gas boom’s economic and environmental benefits are compelling. Greenhouse gas emissions currently get most of the attention. In that regard, methane (CH4) is a hydrogen transporter that emits far less CO2 than other fossil fuels when burned.

Less attention has been given to natural gas’s other important air quality advantages – low NOx. SO2, and particulate emissions. These emissions have greater local significance from a human health standpoint. Those who have ridden a bike behind a natural gas powered bus have no doubt experienced the natural gas advantage firsthand.

Other environmental considerations particularly favor offshore natural gas when compared to energy alternatives. These include low well and facility density, no groundwater pollution risk, and minimal risk to wildlife.

Compiled below are links to BOE posts on natural gas issues and advantages.

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