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Liquefied Natural Gas Export Joe Biden

## U.S. Liquefied Natural Gas Exports Projected to Double by 2025 **Washington, D.C.** - The U.S. Energy Information Administration (EIA) projects that U.S. liquefied natural gas (LNG) exports will double by 2025, driven by increasing global demand for natural gas. **Rising Global Demand** The rising global demand for natural gas is being fueled by several factors, including the growing use of natural gas for power generation and industrial processes, as well as the increasing use of natural gas as a transportation fuel. In addition, the geopolitical tensions between Russia and the European Union have led to a shift away from Russian natural gas, creating new opportunities for U.S. LNG exports. **U.S. LNG Export Capacity** The U.S. has the world's largest natural gas reserves, and it is the world's second-largest producer of natural gas. The U.S. has a significant advantage in LNG exports due to its proximity to major markets in Europe and Asia. The U.S. currently has 10 LNG export terminals in operation, and several more are under construction or in the planning stages. **Economic Benefits of LNG Exports** The growth of U.S. LNG exports is expected to have a significant economic impact. The EIA estimates that LNG exports will create over 500,000 jobs in the U.S. by 2025. The exports will also generate billions of dollars in revenue for the U.S. government. **Environmental Benefits of LNG Exports** LNG exports can also have environmental benefits. Natural gas is a cleaner-burning fuel than coal or oil, so its use can help to reduce air pollution and greenhouse gas emissions. LNG exports can also help to reduce the global reliance on coal and oil, which are major contributors to climate change. **Biden Administration's Support for LNG Exports** The Biden Administration has made LNG exports a priority. The Administration has taken steps to streamline the permitting process for LNG export terminals and has provided financial support for LNG infrastructure. The Administration has also engaged with foreign governments to promote LNG exports and to reduce trade barriers. **Conclusion** The growth of U.S. LNG exports is a major opportunity for the U.S. economy and the environment. The Biden Administration is committed to supporting the growth of LNG exports and to ensuring that the U.S. remains a leading supplier of LNG to the world.


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