From the Newsroom of Louisiana Governor Jeff Landry
Ignores Real Economic Data, Benefits to American States
BATON ROUGE, LA (December 18, 2024) – Governor Jeff Landry, Chairman of the Governors’ Coalition for Energy Security (GCES), challenged the Department of Energy’s new liquefied natural gas (LNG) export study. This study used selective data and pre-determined conclusions that contradict the Department of Energy’s own data, comprehensive market analysis, and real-world economic demands.
“This report was designed to support a predetermined policy outcome – the throttling of America’s record LNG growth – rather than provide an objective analysis of LNG’s benefits to American workers and our economy,” Gov. Landry said. “As governors representing energy-producing states, we rely on actual economic data, not selective analysis, to inform our policies. The facts clearly show that oil and gas exports strengthen local economies while maintaining affordable energy prices for our residents. We urge federal policymakers to recognize these substantial, documented benefits rather than rely on this politically motivated report.”
Background:
Since 2016 the LNG industry has supported an average of 273,000 American jobs, contributed $408 billion to our GDP, and is projected to generate $165 billion in new state and federal tax revenues through 2040, according to a study. It has done so without raising domestic natural gas prices for our industries and people.
