DEPA (Dec. 18, 2024) – Today’s long-awaited report from the Department of Energy (DOE) on the impact of US LNG exports comes as nosurprise from the current administration. The claim that increased LNG exports result in a “triple-cost increase to US consumers” is not supported by reality. This is according to the Domestic Energy Producer’s Alliance (DEPA).
“Ten years ago, the United States was not exporting LNG. Today, the US stands as the number one LNG exporter in the world. And what has happened to natural gas prices for American consumers during this period? They’ve gone down, not up. The narrative suggesting that LNG exports trigger significant domestic price spikes was thoroughly debunked in 2015, when DEPA played a pivotal role in lifting the crude oil export ban. That lesson holds true today: increased energy exports strengthen the US economy, enhance global energy security, and do not harm American consumers,” said Jerry Simmons CEO and President for the Domestic Energy Producers’ Alliance (DEPA).
Simmons went on to say “Attempts to stir public anxiety over consumer price impacts are unfounded, and this DOE report reflects a policy direction that fails to align with economic and energy realities. We are confident that the incoming administration will reassess this misguided approach and adopt energy policies that prioritize growth, energy security, and market-driven solutions.”
It’s telling that this DOE report was labeled as “final” even before the public comment deadline was released. That speaks volumes about the process. We look forward to policies that make sense for America’s energy future, support our leadership role in global markets, and benefit consumers at home.
IPANM stands in full agreement and in solidarity with our national oil & gas trade associations’ conclusion that the Biden Administration’s LNG Export report is highly flawed.
DOE’S LNG REPORT REPEATS DEBUNKED MYTHS U.S. ENERGY POLICY NEEDS A REALITY CHECK
