The Dept. of Energy – Office of Fossil Fuels commissioned a research report earlier this year by the venerable NERA Economic Consulting. The study, released to the public yesterday and titled, “Macroeconomic Impacts of LNG Exports from the United States” (full copy embedded below), takes a look at liquefied natural gas (LNG) exports from the U.S. NERA considers multiple scenarios of low price/high price, low volumes/high volumes, etc., and concludes that there is no downside to exporting natural gas, and in fact, the more we export, the better.
Why is this NERA report important? Because the DOE will use it as part of their decision-making process about whether or not to approve requests to build LNG export facilities. There are currently 15 such requests before the DOE. If all 15 facilities were approved, it would provide for 8 trillion cubic feet of natural gas to be exported per year.