From: Jack Gerard, API
To: David Lifferth,
Subject: Energy Exports = American Jobs
Date: Wed Jan 15 16:03:39 MST 2014
Body:
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Energy Tomorrow
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    January 15, 2014  

LNG Roadmap to Economic Growth

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LNG Export Map

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    Energy Exports = American Jobs      
           
   

Dear David,

Energy export policy is in the spotlight, amid mounting calls to end the 1970s-era ban on exporting U.S. crude oil.  Publications including The Washington Post, The Wall Street Journal, Financial Times, Bloomberg News and the Chicago Tribune all argue that export policy should reflect our nation’s new energy abundance.  That’s true for crude oil, and it’s certainly true for liquefied natural gas (LNG).

Exporting a portion of our abundant domestic LNG supplies will generate significant economic benefits nationwide -- contributing up to 452,000 jobs between 2016 and 2035 and adding up to $73.6 billion annually to the GDP, according to an ICF International study.  A second ICF study measuring state-level benefits for both energy-producing and non-producing states finds that LNG exports will contribute:

  • As much as $10 billion to $31 billion per state to the economies of natural gas-producing states such as Texas, Louisiana and Pennsylvania by 2035
     
  • Employment gains as high as 60,000 to 155,000 jobs in 2035 for producing states
     
  • Economic gains as high as $2.6 billion to $5 billion in non-producing states like Ohio, California, New York and Illinois, due in part to demand for steel, cement, equipment and other goods used in natural gas development
     
  • Employment gains of 30,000 to 38,000 in 2035 for large manufacturing states like California and Ohio

The Department of Energy has approved five applications to allow U.S. companies to export LNG to friendly non-free trade agreement nations, but more than 20 applications remain pending. Meanwhile, more than 60 LNG export projects are in development in nations around the world. Expeditious review and approval of the remaining U.S. applications should be a top 2014 priority, lest we cede the market to these international competitors.

The latest disappointing jobs report makes it clear we need the millions of U.S. jobs in engineering, manufacturing, construction, and facility operations promised by LNG.

Sincerely,

Jack Gerard
President and CEO
API

     
     
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