Energy chief Granholm warns against 'unfettered exports' of liquefied natural gas [View all]
Last edited Wed Dec 18, 2024, 05:27 AM - Edit history (1)
Source: AP
Updated 5:55 PM EST, December 17, 2024
WASHINGTON (AP) — The United States should proceed cautiously as officials consider new natural gas export terminals, Energy Secretary Jennifer Granholm said Tuesday, warning the incoming Trump administration that “unfettered exports” of liquefied natural gas, or LNG, could drive up domestic prices and increase planet-warming greenhouse gas emissions.
Granholm’s statement came as the Energy Department released a long-awaited study on the environmental and economic impacts of natural gas exports, which have grown exponentially in the past decade. The analysis found that U.S. LNG shipments drive up domestic wholesale prices and frequently displace renewable energy sources such as wind and solar power.
Increased LNG exports also would lead to higher global greenhouse gas emissions, even with use of newly developed equipment to capture and store carbon emissions, the report said. “Unfettered exports of LNG would increase wholesale domestic natural gas prices by over 30%,’' costing American households an additional $100 a year by 2050, Granholm said
“We have recently lived through the real-world ripple effects of increased energy prices domestically and globally since the (COVID-19) pandemic, she said, adding that an “export-induced price increase” would make it harder for some families to meet basic needs. “Today’s publication reinforces that a business-as-usual approach (to LNG exports) is neither sustainable nor advisable,″ Granholm said.
Read more: https://apnews.com/article/lng-exports-biden-europe-climate-russia-625e8e2dfa0a98d81267ff2609b132c9
Link to DOE PRESS RELEASE - U.S. Department of Energy Completes LNG Study Update, Announces 60-Day Comment Period
Link to DOE STUDY page - 2024 LNG Export Study: Energy, Economic, and Environmental Assessment of U.S. LNG Export
Link to DOE STUDY (PDF) - https://www.energy.gov/sites/default/files/2024-12/LNGUpdate_SummaryReport_Dec2024_230pm.pdf
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