US LNG Capacity Additions Would Significantly Lower GHG Emissions Compared to Alternatives, New S&P Global Study Finds

Core Insights - Continued development of U.S. LNG export capacity is projected to significantly lower global greenhouse gas emissions compared to alternative energy sources, with a potential reduction of 324 million to 780 million tons of CO2 equivalent from 2028 to 2040 [1][2][3] Environmental Impact - The study indicates that the net reduction in emissions is due to the lower greenhouse gas intensity of U.S. LNG compared to the fossil fuels that would replace it, with 85% of those alternatives sourced from non-U.S. markets [3] - The emissions reduction is equivalent to more than twice the annual emissions from all gasoline cars in Los Angeles County, or the CO2 absorbed by 5.4 billion trees over 10 years [10] Economic Impact - The expansion of U.S. LNG capacity could support nearly 500,000 domestic jobs annually and contribute $1.3 trillion to U.S. GDP through 2040, with minimal impact on domestic gas prices [5][6] - If no new U.S. LNG capacity comes online, over 100,000 jobs and more than$250 billion in GDP contributions are at risk [5] - Economic contributions extend beyond core gas-producing states, with 37% of jobs and 30% of GDP contributions occurring in non-producing areas [7] Infrastructure and Pricing - The study highlights the potential for significant consumer savings by expanding Northeast exit capacity by 6 billion cubic feet per day, which could lead to a 20%-30% reduction in gas prices for Northeast markets [11][18] - Estimated reductions in gas prices include $2.25 per MMBtu in Boston and$1.23 per MMBtu in New York during peak months, with cumulative savings for consumers projected to reach $76 billion by 2040 [18]