Large scale LNG exports will boost US economy, report says
The reports findings are expected to swing government policy in favour of commercial LNG exports
Shaun Polczer, CALGARY
A twice-delayed Department of Energy (DOE) commissioned report
concluded that the US would receive "net economic benefits"
from large-scale liquefied natural gas (LNG) exports. However,
the gains will be offset by declines in manufacturing and other
sectors which rely on cheap natural gas prices, according to
NERA Economic Consulting’s report, The
Macroeconomic Impacts of LNG Exports from the US, released on 5
December. The report’s findings are expected to
form the basis of future government policy allowing commercial
LNG exports. Depending on volumes exported, the report
concluded the US could see positive GDP growth. Its reference
case pointed to GDP...