Statement: DOE Releases LNG Export Study
The U.S. Department of Energy has released its long-awaited study on liquefied natural gas (LNG) exports. The report follows DOE’s indefinite pause on LNG project approvals to study the impact on climate, energy security, and domestic prices.
Below is a statement that can be attributed to me, Craig Stevens, spokesman for the GAIN Coalition and former senior advisor to U.S. Energy Secretary Sam Bodman:
“The Department of Energy’s long-anticipated LNG export study shines a spotlight on the agency’s commitment to politics over sound policy. Not only does the study fail to recognize the critical support LNG provides to our European allies and its contributions to reducing global greenhouse gas emissions, but it inaccurately fuels the notion that consumers will be hit with some huge price tag.
Despite record exports, Americans enjoy among the lowest residential natural gas prices in the world, and since we began seriously exporting LNG in 2016, natural gas prices have averaged 37% lower than the decade before.
The best thing the Biden administration can do it get out of the way. Allow the clear energy policy of the Trump administration to begin on January 20, which will unleash domestic energy, create good-paying U.S. jobs, and make our country, and our allies, more secure.”