S&P Global Energy Study Confirms U.S. LNG Set to Become Nation's Second Largest Net Export Industry

WASHINGTON, D.C. - A new study released yesterday by S&P Global Energy demonstrates that the United States liquified natural gas (LNG) industry has quietly become one of the most consequential economic and geopolitical forces in the world.

Supported by the U.S. Chamber of Commerce, the report, titled "Price and Economic Impacts of an Accelerating Export Industry: A U.S. LNG Impact Study," is the fourth phase of a comprehensive assessment and finds that U.S. LNG exports are on track to make the industry the nation's second largest net export sector, all while having a negligible impact on U.S. household gas prices.

"The latest S&P Global Energy study makes clear just how essential U.S. LNG exports are not only to our own economy, but to geopolitical stability," said Christopher Guith, Senior Vice President of the U.S. Chamber's Global Energy Institute. "American LNG will supply 30% of the global LNG market by 2030 and is poised to become our second largest national export, providing a critical alternative to Russian gas while maintaining affordability for U.S. consumers. The industry also supports more than half a million jobs and is projected to contribute $1.4 trillion dollars in economic output through 2040."

U.S. residential gas prices remain among the most affordable globally. The report highlights that increasing pipeline capacity to key Northeast markets could ease peak winter prices by more than 20% during periods of high demand in both New England and New York.

The study also underscores the resilience of the U.S. gas market and the consequences of curtailing U.S. LNG exports on global energy markets. This reliability is particularly critical for Europe: without U.S. LNG, it would be challenging for the EU to implement its ban on Russian gas and LNG imports starting in 2027, given underutilized connectivity and a lack of near-term alternatives. A reduction in U.S. LNG exports would further benefit coal and non-U.S. suppliers, including Russia.

To read the full findings, visit the S&P Global Energy Phase 1 and Phase 2 reports examining the overall economic benefits of U.S. LNG exports.

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