Econonomics of Energy and Environmental Policy

Article Details

IAEE Members and subscribers to Economics of Energy & Environmental Policy : Please log in to access the full text article.

Macroeconomic Impacts of LNG Exports from the United States

Free Article

In contrast to what has been a common belief still ten years ago, the prevailing wisdom now is that U.S. natural gas demand can be met entirely with natural gas produced domestically and at relatively low prices (around $5/MMBtu). Moreover, there might even be the opportunity for the U.S. to become a net exporter of natural gas. In this vein, DOE tasked NERA with a first study in order to help it to determine if natural gas exports are in the public interest, as required by the Natural Gas Act before exports may start. We estimated the economic impacts under a number of LNG export scenarios that incorporated uncertainties about the supply of natural gas in the U.S. and demand for LNG in the rest of the world. In a follow-up study, we used updated AEO assumptions and an enhanced modeling framework. This paper summarizes our findings and potential geopolitical implications of U.S. LNG exports.
Download PDF Download Ebook
Executive Summary: View

JEL Codes:O13: Economic Development: Agriculture; Natural Resources; Energy; Environment; Other Primary Products, O51: Economywide Country Studies: U.S.; Canada, Q35: Hydrocarbon Resources

Keywords: Natural gas, Exports, CGE models

DOI: 10.5547/2160-5890.4.1.rbar

Reference information is available for this article. Join IAEE or purchase the article to view reference data.

Published in Volume 4, Number 1 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.


© 2022 International Association for Energy Economics | Privacy Policy | Return Policy