Reports & Studies
Texas LNG: Poised to Meet the World’s Energy & Climate Needs
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. 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.
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Table of Contents
- Leading energy exporter: In 2019, America became the world’s 3rd 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% less emissions: U.S. LNG is far cleaner than coal when used for power generation in countries like China, India and Germany.
- 143% lower flaring intensity than Russia: Russia’s flaring intensity is 143 percent higher than the United States, and 239 percent higher than Texas’ Permian, demonstrating that America produces natural gas in a much more sustainable fashion than other global producers.
- 74% 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.