End the Pause on U.S. LNG Export Permits to Protect Jobs, Energy Security, and Affordable Energy

NOIA Press Statement, Congress
For Immediate Release: Tuesday, December 17, 2024
NOIA Contact: jwilliams@nullnoia.org

End the Pause on U.S. LNG Export Permits to Protect Jobs, Energy Security, and Affordable Energy

Washington, D.C.National Ocean Industries Association President Erik Milito issued the following statement in response to the U.S. Department of Energy’s (DOE) study on the impacts of liquefied natural gas (LNG) exports:

"Outdated arguments against LNG no longer align with today's energy reality. U.S. energy performance has repeatedly proven critics wrong on the global stage. The Administration is recycling the same old, tired political talking points from a decade ago, which have been shown to be completely inaccurate.

"U.S. households currently enjoy some of the world's most competitive residential natural gas prices. Remarkably, even as U.S. LNG exports hit record levels in 2023, domestic prices saw a significant 62% reduction, proving the industry's capability to cater to escalating global demands while maintaining a favorable domestic market for American households and energy consumers.

"U.S. LNG has become indispensable to global energy security, particularly in Europe, yet billions are still spent on Russian LNG imports. This financial flow could instead bolster American jobs, stimulate our economy, and fortify energy security for our allies. Lifting the permitting pause is crucial to halt this dependency and ensure affordable, stable energy supplies around the globe.

"Moreover, ending the pause would mark a significant step towards reducing emissions. Carnegie Mellon University research indicates that converting all U.S. coal plants to natural gas could substantially decrease sulfur dioxide and nitrogen oxide emissions, potentially saving $20–50 billion in healthcare costs annually due to improved air quality. By exporting LNG, we can extend these environmental benefits globally, aiding in the shift away from coal to cleaner energy alternatives.

"The pause on LNG export permits threatens tens of thousands of jobs along the Gulf Coast, billions in wages, and vital energy infrastructure investments. Prolonging this pause not only undermines the welfare of American workers but also inadvertently gives a competitive advantage to nations like Russia.

"The stakes are undeniable: by ending the LNG permitting pause, we can secure affordable energy for U.S. families, affirm our position as a global energy leader, and drive forward emissions reduction efforts. The time to act is now—we must lead, not step back."

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The National Ocean Industries Association (NOIA) represents and advances a dynamic and growing offshore energy industry, providing solutions that support communities and protect our workers, the public and our environment.

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