Facts

Fact #1

According to a 2013 study from ICF International, employment from LNG exports is expected to create or support between 73,100 and 452,300 jobs between 2016 and 2035. 7,800 to 76, 800 of those jobs will be in manufacturing, with 1,700 to 11,400 being specifically in the refining, petrochemicals and chemicals sectors.

Fact #2

At a time when states and municipalities are being forced to cut vital public services, just one LNG export terminal could create nearly $11 million in new tax revenue every year for federal, state and local governments. Total government revenue (taxes plus royalties) from a single export facility could exceed $25 billion over a 30-year time frame.

Fact #3

Each proposed terminal to liquefy and export natural gas represents a multi-billion dollar investment in the U.S. economy and could reduce the trade deficit by as much as $7.1 billion.

Fact #4

Selling some of America’s natural gas would mean billions of dollars in new business for manufacturers in the United States. Each terminal that would be built to liquefy and export natural gas represents up to $10 billion in investment – not only in parts, materials, and other equipment from companies across the United States, but also in wages and salaries for American workers.

Fact #5

IHS CERA predicts that natural gas development will support 1.6 million jobs by the end of the decade and as many as 2.4 million by 2035. And as studies from Deloitte and the U.S. Energy Information Agency (EIA) highlight, most of the natural gas (60 – 80 percent) needed for LNG exports will come from new production.