Research Shows Cove Point LNG Lowered Global GHG Emissions 7 MMt/Yr

Earlier this month, MDN reported that S&P Global had released Phase 2 of an LNG study that shows U.S. LNG capacity additions would *significantly* lower global GHG emissions compared to the alternatives (see S&P Study: U.S. LNG Would “Significantly Lower” World GHG Emissions). Phase 1 of the study (last December) found more U.S. LNG exports will NOT raise the domestic price of natural gas, at least not appreciably (see S&P Study: More U.S. LNG Exports WON’T Raise Domestic Gas Prices). The good folks at Cove Point LNG sent MDN a copy of a study the owners commissioned specifically looking at the environmental impact of Cove Point. Rather than use modeling, Cove Point engaged ICF to look at the data from the facility's first five years of exports, including the source of the gas, where it was shipped, and how it was used (often to offset coal and oil). The results (full report below) are tremendous!

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