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The ICF study revealed that direct, indirect and induced value added from U.
S.
LNG exports (including increases in natural gas production and construction of actual LNG export terminals) will cumulatively reach $1.
66 trillion
between 2013 and 2050.
ICF research commissioned by LNG ALLIES, A U.
S.
LNG trade union, shows that adding more LNG facilities alone would require an investment of about $716 billion
over a 37-year period.
These projections are from the U.
S.
Energy Information Administration's 2018 Energy Outlook
.
There have been no changes
in the current laws and regulations that set the impact on the energy industry throughout the forecast period.
"This latest report shows that LNG exports provide important economic benefits to the United States by stimulating job creation, increased economic activity and tax revenue," Fred L.
Hutchison, president of the LNG Trade Alliance, said
in a research release Tuesday.
The study measures the contribution of U.
S.
LNG in two ways: terminal construction and operation, and the added value
of U.
S.
-produced natural gas.
When these two components are combined, the cumulative contribution to the U.
S.
economy is about $50 billion
per year.
The ICF study revealed that direct, indirect and induced value added from U.
S.
LNG exports (including increases in natural gas production and construction of actual LNG export terminals) will cumulatively reach $1.
66 trillion
between 2013 and 2050.
ICF research commissioned by LNG ALLIES, A U.
S.
LNG trade union, shows that adding more LNG facilities alone would require an investment of about $716 billion
over a 37-year period.
These projections are from the U.
S.
Energy Information Administration's 2018 Energy Outlook
.
There have been no changes
in the current laws and regulations that set the impact on the energy industry throughout the forecast period.
"This latest report shows that LNG exports provide important economic benefits to the United States by stimulating job creation, increased economic activity and tax revenue," Fred L.
Hutchison, president of the LNG Trade Alliance, said
in a research release Tuesday.
The study measures the contribution of U.
S.
LNG in two ways: terminal construction and operation, and the added value
of U.
S.
-produced natural gas.
When these two components are combined, the cumulative contribution to the U.
S.
economy is about $50 billion
per year.
