- US manufacturing contributes more to GDP, employment, and to the reduction of the trade deficit as compared to LNG exports at a commensurate level of natural gas use.
- A global LNG supply shortage of 20-35 billion cubic feet per day by 2030 is projected, and US exports would likely play a major role in filling the gap, which in turn could lead to a tripling of natural gas prices from current levels by 2030.
- Manufacturing is highly sensitive to natural gas prices, and a significant portion of the US manufacturing sector is exposed to impacts from projected increased natural gas prices.
- Current expectations for a low cost, gas-driven electricity economy and significant deployment of natural gas vehicles could be foregone due to LNG exports.
Energy Consultants With Charles River Associates (CRA) Release Study On The Economic Trade-Offs Between LNG Exports And Manufacturing In The US Economy
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