US LNG Industry Set for Rapid Growth to Become Second-Largest Exporter

A new study by S&P Global Energy predicts that the U.S. liquefied natural gas (LNG) industry will become the nation's second-largest net export industry by 2031, trailing only civilian aircraft and parts.

The report projects that feedgas demand for exports will double to 36 Bcf/d within five years, which is 25% above the prior base case. This growth is expected to surpass one-third of the global market share.

Through 2040, LNG is expected to support 555,000 jobs annually, add $1.4 trillion to GDP, and generate $2.9 trillion in business revenues, $206 billion in taxes, and $630 billion in labor income on more than $1 trillion of supply-chain investment.

Household gas costs are projected to rise just 1.6% from 2026-2031, and new Northeast pipeline capacity could cut peak winter prices by more than 20%.