Sabine Pass Liquefaction Files Update to NERA’s 2012 LNG Export Study
Sabine Pass Liquefaction filed with the U.S. Department of Energy (DOE) a report prepared by NERA to update NERA’s 2012 study on the macroeconomic effects of LNG exports on the U.S. economy. The report uses updated economic data based on the U.S. Energy Information Administration’s Annual Energy Outlook 2013 and International Energy Outlook 2013 studies, and reinforces NERA’s 2012 study results with the following findings:
• LNG exports contribute net benefits to the U.S. economy; those benefits consistently increase as exports increase; and U.S. economic welfare is greatest under scenarios in which unconstrained exports occur.
• Greater LNG exports and domestic demand can be supported in the U.S. natural gas market at lower prices compared to results presented in the 2012 NERA Study.
• Greater economic benefits would result to the United States at a given level of LNG exports compared to the 2012 NERA Study results.
• LNG exports would contribute job gains and reduce near-term unemployment in the U.S. economy.
The report can be found here.