A new study by S&P Global Energy said LNG exports are expected to become the second largest net export industry in the U.S. within five years. The report issued July 17 said LNG exports support 550,000 jobs and will contribute $1.4 trillion to U.S. GDP through 2040 “while having a negligible impact on domestic gas prices.”
Under current conditions, the study said U.S. feedgas demand for LNG exports is expected to double to 36 Bcfd within five years – 23 percent higher than previous projections. Christopher Guith, senior vice president of Global Energy Institute of U.S. Chamber of Commerce, said, “American LNG will supply 30 percent of the global LNG market by 2030 and is poised to become our second largest national export.”
Already the world’s leading LNG supplier, U.S. is expected to surpass a one-third share of the global market to make LNG exports the second largest net export industry behind only U.S. civilian aircraft and parts. The report, “Price and Economic Impacts of an Accelerating Export Industry,” said a surge in LNG investment occurred in 2025 and 2026. Eric Eyberg, S&P vice president, added, “The recent Iran conflict has proven the U.S. domestic gas market resilient to external shocks relative to global gas and other commodities. U.S. Henry Hub gas prices declined during the conflict.”