The U.S. Department of Energy’s latest analysis on liquefied natural gas (LNG) exports presents data on economic burdens and environmental risks. The study, released Tuesday, indicates that unconstrained LNG exports could increase domestic natural gas prices by 31% by 2050, raising costs for U.S. households. Energy Secretary Jennifer Granholm stated, “A business-as-usual approach is neither sustainable nor advisable.” The study examines various scenarios based on domestic and international climate policies, technologies, and resource availability. Economic Impact and Market Dynamics An industry study by S&P Global, released Tuesday, claims U.S. LNG has contributed more than $400 billion to GDP over the … Continue reading DOE: Unchecked LNG Exports May Spike U.S. Gas Prices 31% by 2050, Despite $1.3T GDP Boost, 495K Jobs