The US Department of Energy on Monday finalized its 2024 LNG Export Study, removing regulatory barriers to expanded liquefied natural gas exports that had been implemented by the previous administration.
The study, which drew public comments through March, concludes that American LNG exports strengthen the economy, boost jobs, and enhance global energy security without significant domestic price impacts.
“We are pleased to issue the Response to Comments on the 2024 LNG Export Study, which will allow DOE to close out this chapter and fully return to regular order on LNG exports,” said Tala Goudarzí, Principal Deputy Assistant Secretary of the Office of Fossil Energy and Carbon Management.
President Donald Trump previously declared an energy emergency and directed regulatory agencies to expedite permits for natural gas infrastructure.
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Despite construction cost pressures from the administration’s 25% tariffs on steel and aluminum, industry experts report that LNG projects remain economically viable. A Reuters survey of company earnings reports indicates at least seven major facilities still plan final investment decisions this year.
Industry growth plans are substantial. The Federal Energy Regulatory Commission has already issued key permits for several projects, including expansions at Cheniere’s Corpus Christi terminal and Venture Global’s massive CP2 project in Louisiana.
“The 2024 Study confirms what our nation always knew—LNG supports our economy, strengthens our allies, and enhances national security,” according to the DOE’s announcement.
The US, which became the world’s largest LNG exporter with 91.3 million tonnes of annual capacity, could triple that volume by 2030 if planned projects proceed.
While developers express confidence in their expansion plans, they acknowledge ongoing challenges. Construction costs have risen substantially since 2021, with some projects reporting price increases between 18% and 31% from original estimates.
The Biden administration paused approvals for new LNG export terminals pending environmental reviews.
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