This week, the U.S. Senate Committee on Energy and Natural Resources will convene a hearing on “the Important Role of U.S. LNG in Evolving Global Markets.” The Committee is right to shine a light on this growing industry as well as the role that the U.S. is increasingly playing in meeting the world’s energy needs with clean-burning natural gas, helping to lower emissions in the process.
Much of that economic activity is occurring right here in Louisiana – thanks to recently completed LNG export projects like the Driftwood project in Calcasieu Parish and the Calcasieu Pass LNG project, as well as proposed undertakings like the Lake Charles LNG project, Louisiana is playing a crucial part. In the process, the LNG industry is creating jobs, investment, and economic activity, all right here in our state.
Despite these great strides, the industry continues to attract attention from those who oppose any use of fossil fuels – a misguided, unrealistic approach to our country’s energy needs. The latest such attempt is a report published by Global Energy Monitor titled “The New Gas Boom,” which claims that LNG will bring about a “climate crisis.” The report paints a false narrative that LNG will prevent the U.S. from meeting the goals of the Paris accords, when that is simply not the case.
The U.S. Energy Information Administration recently indicated that in 2018, 90% of the natural gas used in the United States was produced domestically, demonstrating that we have the resources to support ourselves. Our own power grids are increasingly relying on natural gas over less economical, less efficient energy sources. According to the EIA, natural gas results in the lowest amount of CO2 emitted per unit of energy output among fuel sources. But we need the infrastructure to transport those resources from production sites to end markets. Clearly, natural gas is helping meet carbon emission reduction goals.
Louisianians for Energy continues to support investment in our state’s energy capabilities. As long as we rely on natural gas to power our homes and supply our allies, we should be using the most effective means of transporting it – which means building the needed infrastructure and taking a balanced approach to meeting our climate goals.