Facts

Fact #1

Each export terminal for LNG is a multi-billion dollar investment, which not only creates construction jobs but also permanent manufacturing jobs. According to a July 2013 study from ICF International, employment from LNG exports  is expected to create 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

LNG exports could substantially reduce America’s trade deficit. According to a study by ICF International, just one LNG export facility 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

A recent IHS CERA study found that shale gas development supported one million jobs in 2010, and expanded development will support 1.5 million U.S. jobs by 2015 and 2.4 million jobs by 2035. And as studies from Deloitte and the Energy Information Administration (EIA) highlight, most of the natural gas (63 percent) needed for LNG exports will come from new production.