New Texans For Natural Gas Report: Texas LNG Key To A Sustainable, Reliable Energy Future
Wed, December 22, 2021
Austin, Texas - A new whitepaper by Texans for Natural Gas, a project of the Texas Independent Producers and Royalty Owners Association (TIPRO), takes a closer look at how liquefied natural gas (LNG) is the key to a sustainable and reliable global energy future. LNG will reduce air pollution in India, power ever-growing cities like Beijing and will keep the lights on in developing regions across the world. Texas opens the door to these possibilities, producing natural gas at record-breaking rates and delivering it across the globe through the LNG export terminals spanning its coast.
The whitepaper, Texas LNG: Poised to Meet the World’s Energy and Climate Needs, explains how the natural gas produced in Texas is being used to transform global energy markets, increasing reliability and energy access, while helping to reduce global emissions. In addition, it provides a primer on what LNG is and how it’s regulated, LNG’s history in the United States and a break-down of the current market and future of U.S. LNG, particularly along the Gulf Coast and in Texas.
“Texas remains the leading producer of natural gas in the U.S. and is helping to change the world by providing access to this foundational fuel source to meet growing energy demands,” said Ed Longanecker, president of TIPRO. “By embracing Texas LNG, countries around the world are choosing a cleaner, more efficient, more sustainable energy source to power their economies and heat their homes. This report demonstrates the progress this industry has made in recent years and makes the case for the key role Texas natural gas will play for generations to come.”
- Leading energy exporter: In 2019, America became the world’s third largest LNG exporter, and the Energy Information Administration forecasts it will become the largest LNG exporter in 2022.
- 10-fold increase: U.S. LNG capacity grew from near zero in 2015 to 10.8 billion cubic feet per day in 2020.
- Texas plays a major role in the success of U.S. LNG: Texas single-handedly accounts for roughly a quarter of U.S. natural gas production. In fact, more than 85 percent of the additional planned U.S. LNG export capacity will be located in the Gulf of Mexico and supplied largely by Texas natural gas.
- 50 percent less emissions: U.S. LNG is far cleaner than coal when used for power generation in countries like China, India and Germany.
- 143 percent lower flaring intensity than Russia: Russia’s flaring intensity is 143 percent higher than the United States, and 239 percent higher than Texas’ Permian Basin, demonstrating that America produces natural gas in a much more sustainable fashion than other global producers.
- 74 percent of global energy growth: Natural gas and renewables combined to make up nearly three-quarters of total world energy growth by 2040.
- 24/7/365: Natural gas provides a reliable back-up energy supply that can quickly be ramped up or down no matter the weather or time of day.
“As millions of Americans travel this holiday season to be with friends and family, which is made possible by domestic oil and natural gas, we hope that the importance of protecting U.S. energy security is among the many topics discussed,” emphasized Longanecker.
Texans for Natural Gas’ new LNG whitepaper can be found here.
The Texas Independent Producers & Royalty Owners Association (TIPRO) is a trade association representing the interests of nearly 3,000 independent oil and natural gas producers and royalty owners throughout Texas. As one of the nation’s largest statewide associations representing both independent producers and royalty owners, members include small businesses, the largest, publicly-traded independent producers, and mineral owners, estates, and trusts.