DOE: Unchecked LNG Exports May Spike U.S. Gas Prices 31% by 2050

Sunita Somvanshi

DOE study reveals unconstrained LNG exports could trigger 31% spike in domestic natural gas prices by 2050, raising household expenses across USA.

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S&P Global reports $400 billion GDP boost from US LNG exports over past decade, projecting 495,000 jobs through 2040.

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Energy Secretary Granholm warns against business-as-usual approach as DOE evaluates six pending LNG export permits.

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European markets shift away from US LNG despite being primary importers since 2016, while Asian demand surges across scenarios.

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Peer-reviewed studies confirm LNG's climate impact surpasses coal, with extensive methane emissions throughout supply chain.

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Louisiana fishermen sound alarm as 120+ commercial operators report ecological collapse from LNG operations.

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USEIA data shows China and India lead US LNG imports, with BRIC nations claiming 25% of September exports.

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IEEFA analyst reports US energy imports decrease 19% while European figures stay flat in 2023, reshaping global energy dynamics.

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Potential incoming Trump administration signals end to LNG export permit moratorium, conflicting with DOE's economic and environmental findings.

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Chamber of Commerce advocates for LNG exports as crucial for European allies seeking independence from Russian gas.

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EPA, DOE Invest $850M in 43 Methane Reduction Projects