Effect of Increased Levels of 

Liquefied Natural Gas Exports on 

U.S. Energy Markets

October 2014

Independent Statistics & Analysis

www.eia.gov

U.S. Department of Energy

Washington, DC 20585
U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets i

This report was prepared by the U.S. Energy Information Administration (EIA), the statistical and 

analytical agency within the U.S. Department of Energy. By law, EIA’s data, analyses, and forecasts are 

independent of approval by any other officer or employee of the United States Government. The views 

in this report therefore should not be construed as representing those of the Department of Energy or 

other Federal agencies.
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets ii

Table of Contents

Introduction ..................................................................................................................................................5

Analysis approach....................................................................................................................................9

Caveats regarding interpretation of the analysis results.......................................................................10

Summary of Results....................................................................................................................................12

Energy Market Results................................................................................................................................14

Natural gas prices..................................................................................................................................14

Natural gas supply and consumption ....................................................................................................15

Total energy use, energy-related carbon dioxide emissions, and end-use expenditures.....................19

Macroeconomic Effects ..............................................................................................................................24

Macroeconomic considerations related to increased energy exports..................................................24

Economic results from EIA modeling.....................................................................................................24

Results for 12- and 20-Bcf/d scenarios using alternative baselines......................................................26

Appendix A. Request Letter........................................................................................................................29

Appendix B. Summary Tables .....................................................................................................................31
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U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets iii

Tables

Table 1. Added LNG exports needed in each pairing of DOE/FE export scenarios and baseline cases........9

Table 2. Cumulative energy-related CO2 emissions over 2015-40 and difference from baseline for all 

pairings (million metric tons)......................................................................................................................21

Table 3. Average natural gas expenditures over 2015-40 and difference from baseline for all pairings 

(billions U.S. $) ............................................................................................................................................22

Table 4. Average electricity expenditures over 2015-40 and difference from baseline for all pairings 

(billion U.S. $)..............................................................................................................................................23

Table B1. U.S. Annual averages values from 2015-40 ................................................................................32

Table B2. Differential from base in U.S. annual average values from 2015-40 when exports are added..33

Table B3. Differential (%) from base in U.S. annual average values from 2015-40 when exports are added

....................................................................................................................................................................34

Table B4. U.S. Annual averages values from 2015-25 ................................................................................35

Table B5. Differential from base in U.S. annual average values from 2015-25 when exports are added..36

Table B6. Differential (%) from base in U.S. annual average values from 2015-25 when exports are added

....................................................................................................................................................................37

Table B7. U.S. annual averages values from 2026-40.................................................................................38

Table B8. Differential from base in U.S. annual average values from 2026-40 when exports are added..39
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U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets iv

Figures

Figure 1. Lower 48 states LNG exports in scenarios specified by DOE/FE....................................................6

Figure 2. Lower 48 states LNG exports in the five AEO2014 baseline cases ................................................7

Figure 3. Average Lower 48 states natural gas supply price in the five AEO2014 baseline cases used in 

this study.......................................................................................................................................................8

Figure 4. Added average LNG export-related demand needed in each pairing of DOE/FE export scenarios 

and baseline cases (2015-40) .....................................................................................................................10

Figure 5. Percentage change in average Lower-48 states natural gas supply prices relative to baseline..14

Figure 6. Percentage change in average natural gas residential prices relative to baseline......................15

Figure 7. Change in average natural gas supply and delivered end-use consumption in three export 

scenarios relative to the Reference case baseline (excludes natural gas liquefaction consumption) .......16

Figure 8. Change in average natural gas supply in the three export scenarios relative to five baseline 

cases (2015-40)...........................................................................................................................................17

Figure 9. Change in average natural gas consumption in the three export scenarios relative to five 

baselines (2015-40).....................................................................................................................................18

Figure 10. Change in average electric power generation in the three export scenarios relative to five 

baselines (2015-40).....................................................................................................................................19

Figure 11. Change in average total domestic energy use in the three export scenarios relative to five 

baselines (2015-40).....................................................................................................................................20

Figure 12. Real GDP impacts of the export scenarios relative to the Reference baseline, undiscounted 

and discounted (4% discount rate), billion 2005 dollars ............................................................................25

Figure 13. Change in real consumption in the export scenarios compared to the Reference baseline, 

undiscounted and discounted (4% discount rate), billion 2005 dollars .....................................................26

Figure 14. Cumulative and percent change in real GDP in the 12-Bcf/d scenario relative to alternative 

baselines, billion 2005 dollars.....................................................................................................................27

Figure 15. Cumulative and percent change in real GDP in the 20-Bcf/d scenario relative to alternative 

baselines, billion 2005 dollars.....................................................................................................................28
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 5

Introduction

This report responds to a May 29, 2014 request from the U.S. Department of Energy’s Office of Fossil 

Energy (DOE/FE) for an update of the Energy Information Administration’s (EIA) January 2012 study of 

liquefied natural gas (LNG) export scenarios. This updated study, like the prior one, is intended to serve 

as an input to be considered in the evaluation of applications to export LNG from the United States 

under Section 3 of the Natural Gas Act, which requires DOE to grant a permit to export domestically 

produced natural gas unless it finds that such action is not consistent with the public interest. Appendix 

A provides a copy of the DOE/FE request letter. 

DOE/FE asked EIA to assess how specified scenarios of increased exports of LNG from the Lower 48 

states could affect domestic energy markets, focusing on consumption, production, and prices. The 

DOE/FE scenarios posit total LNG exports sourced from the Lower 48 states of 12 billion standard cubic 

feet per day (Bcf/d), 16 Bcf/d, and 20 Bcf/d, with these exports phased in at a rate of 2 Bcf/d each year 

beginning in 2015. 

DOE/FE requested that EIA consider the specified Lower 48 states LNG export scenarios in the context of 

baseline cases from EIA’s 2014 Annual Energy Outlook (AEO2014) that reflect varying perspectives on 

the domestic natural gas supply situation, the growth rate of the U.S. economy, and natural gas use for 

electricity generation. The AEO2014 cases considered in this report include: 

• The AEO2014 Reference case 

• The High Oil and Gas Resource (HOGR) case, which reflects more optimistic assumptions about 

domestic natural gas supply prospects than the Reference case

• The Low Oil and Gas Resource (LOGR) case, which reflects less optimistic assumptions about 

domestic oil and natural gas supply prospects than the Reference case 

• The High Economic Growth (HEG) case, in which the U.S. gross domestic product grows at an 

average annual rate 0.4 percentage points higher than in the Reference case, resulting in higher 

domestic energy demand

• The Accelerated Coal and Nuclear Retirements (ACNR) case, in which higher costs for running 

existing coal and nuclear plants result in accelerated capacity retirements, resulting in more reliance 

on natural gas to fuel electricity generation than in the Reference case 

EIA recognizes that the ramp-up specified by DOE/FE for the scenarios analyzed in this report, under 

which total Lower 48 states LNG exports reach 12 Bcf/d in 2020, is extremely aggressive, indeed almost 

impossible, and that the ultimate LNG export levels specified by DOE/FE are also very unlikely for some 

of the baselines. EIA understood that the DOE/FE scenarios were intended to provide results that show 

an outer envelope of domestic production and consumption responses that might follow from the 

approval of export licenses beyond 12 Bcf/d. Accordingly, EIA also included a 20 Bcf/d export scenario, 

applied to the Reference case, with a delayed ramp-up to identify the impact of higher LNG exports 

implemented at a more credible pace. The DOE/FE scenarios, as well as the alternative 20 Bcf/d (Alt 20-

Bcfd) scenario are shown in Figure 1. 
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 6

Figure 1. Lower 48 states LNG exports in scenarios specified by DOE/FE

Each of the five AEO2014 cases used as baselines in this study already includes some amount of LNG 

exports from the Lower 48 states. The LNG exports in the AEO2014 baseline cases, rather than the 

scenarios specified for this study, reflect EIA’s own views on future LNG exports. As shown in Figure 2, 

LNG exports from the Lower 48 states in the baselines have projected 2040 levels ranging from 3.3 Bcf/d 

(LOGR case) to 14.0 Bcf/d (HOGR case). Projected exports are positively correlated with the abundance 

of the domestic resource base, and negatively correlated with the level of domestic natural gas 

demand.1

 

 1 In the HOGR baseline case, projected Lower 48 states LNG exports exceed 12 Bcf/d, one of the specified DOE/FE scenarios, by 

the mid-2020s. Although the 12-Bcf/d scenario with the HOGR case assumptions is included in the figures and tables of this 

report, it is excluded from the narrative of the discussion of the ranges of results due to LNG exports being less than the 

baseline.

0

5

10

15

20

25

2015 2020 2025 2030 2035 2040

12-Bcf/d scenario 16-Bcf/d scenario 20-Bcf/d scenario Alt 20-Bcfd scenario

Bcf/d
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U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 7

Figure 2. Lower 48 states LNG exports in the five AEO2014 baseline cases

Note: The HEG and ACNR baselines have very similar LNG export paths that are indistinguishable in this figure.

As shown in Figure 3, projected U.S. natural gas prices increase in each of the five baseline cases. The 

price paths depend on the assumptions made regarding the resource base and advances in production 

technology, economic growth, and natural gas demand. In the Reference case, the average Lower 48 

state supply price more than doubles between 2013 and 2040, ultimately reaching $7.25/Million British 

thermal units (MMBtu) in 2040.

2 In contrast, under the more optimistic resource assumptions of the 

HOGR case, prices increase by only 38% by 2040 and never rise above $4.34/MMBtu. Under the more 

pessimistic resource assumptions of the LOGR case, prices reach $10.08/MMBtu in 2040. 

 2 All prices in this report are in 2012 dollars unless otherwise noted. To convert one thousand cubic feet (Mcf) to MMBtu, a 

ratio of 1 Mcf to 1.027 MMBtu was used.

0

2

4

6

8

10

12

14

16

2015 2020 2025 2030 2035 2040

Reference HOGR LOGR HEG ACNR

Bcf/d
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 8

Figure 3. Average Lower 48 states natural gas supply price in the five AEO2014 baseline cases used in 

this study

The different price paths in Figure 3 are key drivers of variation in the level of Lower 48 states LNG 

exports across the AEO2014 baseline cases. The amount of added Lower 48 LNG exports above the 

baseline projection required to fulfill each of the export scenarios specified by DOE/FE for this analysis, 

cumulative Lower 48 LNG exports at specified dates for each baseline, and additional Lower 48 states 

cumulative exports above baseline through those same specified dates for each of the DOE/FE scenarios 

are reported in Table 1. For example in the Reference case baseline, Lower 48 states exports are 5.7 

Bcf/d in 2020 and cumulative exports through 2020 are 6.2 trillion cubic feet (Tcf). In the 12-, 16- and 

20-Bcf/d export scenarios, cumulative exports through 2020 are 9.1 Tcf above those in the Reference 

case baseline (as shown in the lower panel of Table 1). 

Estimated price and market responses to each pairing of a specified export scenario and a baseline will 

reflect the additional amount of LNG exports needed to reach the targeted export level starting from 

that baseline. For example, as shown in Table 1, the 20-Bcf/d export scenario starting from the HOGR 

baseline requires a smaller additional amount of cumulative exports relative to baseline (55.4 Tcf over 

the 2015-40 period) than the 12-Bcf/d export scenario starting from the LOGR baseline (72.3 Tcf over 

the same period).

0

2

4

6

8

10

12

2012 2017 2022 2027 2032 2037

2012$/MMBtu

Reference HOGR LOGR HEG ACNR
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U.S. Energy Information Administration   |   Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 9

Table 1. Added LNG exports needed in each pairing of DOE/FE export scenarios and baseline cases

Reference HOGR            LOGR   

2015 2020 2025 2030 2035 2040 2015 2020 2025 2030 2035 2040 2015 2020 2025 2030 2035 2040

Export level

(Bcf/d)

0.3 5.7 7.4 7.4 7.4 7.4 0.3 6.8 12.9 14.0 14.0 14.0 0.3 3.6 3.6 3.6 3.6 3.3

Cumulative

exports since

2015 (Tcf)

6.2 18.8 32.3 45.9 59.4 6.6 24.9 50.5 76.0 101.6 4.6 11.2 17.7 24.3 30.6

Difference from baseline in cumulative LNG exports  for each DOE/FE export scenario /baseline pairing   (Tcf)

12‐Bcf/d    9.1 18.5 26.8 35.2 43.5 8.7 12.3 8.6 5.0 1.3 10.7 26.1 41.4 56.8 72.3

16‐Bcf/d    9.1 25.0 40.7 56.3 72.0 8.7 18.9 22.5 26.2 29.8 10.7 32.6 55.3 77.9 100.8

20‐Bcf/d    9.1 28.7 51.6 74.6 97.5 8.7 22.5 33.5 44.4 55.4 10.7 36.3 66.2 96.2 126.3

Alt 20‐Bcf/d*    0.0 8.8 30.7 53.7 76.6    

*Note: EIA included the Alt 20 Bcf/d scenario to reflect a more realistic ramp‐up of near‐term LNG exports  

Although the study reports results for all pairings of export scenarios and baselines, some combinations

are inherently less plausible than others. High additional levels of LNG exports are unlikely to occur

under baseline conditions associated with high U.S. natural gas prices because high domestic prices and

limited resources to grow supply would discourage investment in projects to liquefy and export

domestic gas. The combination of the 20‐Bcf/d export scenario with LOGR case baseline, which projects

U.S. producer‐level prices near $8/MMBtu by 2030 and above $10/MMBtu by 2040 even before

consideration of added LNG exports, seems particularly implausible.

Analysis approach

EIA used the five AEO2014 cases described above as the starting point for its analysis and made several

changes to represent the export scenarios specified in the study request. EIA exogenously added LNG

exports from the Lower 48 states in its model runs, using the National Energy Modeling System (NEMS),

to reach the targeted LNG export levels.  The Mid‐Atlantic and South Atlantic regions were each

assumed to host 1 Bcf/d of LNG export capacity, the Pacific region was assumed to host 2 Bcf/d, with all

of the remaining Lower 48 states’ export capacity hosted along the Gulf Coast in the West South Central

Census division.  

In addition to the volume of natural gas needed to satisfy the levels of LNG exports defined in the

scenarios, a supplemental volume of gas is required in order to liquefy natural gas for export as LNG. EIA

assumed that this volume would equal 10% of the LNG export volume (Figure 4). The additional natural

gas consumed during the liquefaction process is counted as fuel use within the U.S. region where

liquefaction occurs.
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 10

Figure 4. Added average LNG export-related demand needed in each pairing of DOE/FE export 

scenarios and baseline cases (2015-40)

As in AEO2014, U.S. natural gas pipeline imports and exports and U.S. LNG imports are endogenously 

determined in the model. However, LNG exports out of Alaska were set exogenously to the projected 

level from the corresponding baseline cases. 

One further modeling change was applied only in export scenario runs using the ACNR case. The ACNR 

case was included in the study to reflect a baseline with high use of natural gas and low use of coal for 

electricity generation that is driven by factors other than favorable natural gas supply conditions and 

low natural gas prices, which are considered in the HOGR case. In order to represent a situation in which 

increased coal generation is not an available response to higher domestic natural gas prices, coal-fired 

generation was not allowed to rise above the ACNR baseline level when the DOE/FE export scenarios 

were implemented. In effect, the model was forced to accommodate added LNG exports using a 

combination of responses other than a reversion to coal-fired generation. 

Caveats regarding interpretation of the analysis results

EIA recognizes that projections of energy markets over a 25-year period are highly uncertain and subject 

to many events that cannot be foreseen, such as supply disruptions, policy changes, and technological 

breakthroughs. This uncertainty is particularly true in projecting the effects of exporting significant LNG 

volumes from the United States because of the following factors: 

• NEMS is not a world energy model and does not address the interaction between the potential for 

additional U.S. natural gas exports and developments in world natural gas markets. 

• Global natural gas markets are not fully integrated, and their nature could change substantially in 

response to significant changes in natural gas trading patterns. Future opportunities to profitably 

export natural gas from the United States depend on the future of global natural gas markets, the 

inclusion of relevant terms in specific contracts to export natural gas, as well as on the assumptions 

in the various cases analyzed. 

0

2

4

6

8

10

12

14

16

12 16 20 Alt 20 12 16 20 12 16 20 12 16 20 12 16 20

Reference HOGR LOGR HEG ACNR

exports

liquefaction

Bcf/d
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 11

• Given its focus on the domestic energy system, NEMS does not fully account for interactions 

between energy prices and the global economy that could benefit the U.S. economy. For example, 

while NEMS reflects both the positive effects of higher domestic production and the negative effects 

of higher domestic energy prices on the U.S. economy, it does not include a linkage between energy 

prices outside the United States and global economic performance. As in the United States, a 

reduction in the price of imported energy tends to support economic activity. Any reduction in 

global natural gas prices that might occur as a result of U.S. LNG exports would tend to stimulate the 

economies of countries that import gas, increasing their demand for both domestic goods and 

services and imports sourced from the United States and elsewhere. Because the NEMS model does 

not consider how LNG export might change natural gas pricing in overseas markets, or the 

implications of such changes for economic activity, this interaction is not reflected in this study. 

Capturing that linkage would require the use of a global economic model that explicitly includes the 

energy sector.

• Measures of domestic industrial activity in NEMS are sensitive to both the composition of final U.S. 

demand and changes in domestic energy prices. However, NEMS does not account for the impact of 

domestic and global energy price changes on the global utilization pattern for existing 

manufacturing capacity or the siting of new capacity inside or outside of the United States in energyintensive industries. Assessment of these effects can be challenging and require careful attention to 

detail. For example, while the implementation of the export scenarios raises domestic natural gas 

prices relative to the baseline, increases in production from shale gas resources that provide most of 

the natural gas used to increase LNG exports also increase the projected domestic supply of natural 

gas liquids such as ethane and propane that are important feedstock for some energy-intensive 

industries.

EIA’s January 2012 analysis of LNG exports, Effect of Increased Natural Gas Exports on Domestic Energy 

Markets, includes an extensive discussion of caveats and issues involving the representation of global 

natural gas markets and their interaction with the North American market. Much of that discussion also 

applies to the analysis contained in this updated report. Additional observations regarding issues 

surrounding the estimation of economic impacts of the export scenarios are provided in the economic 

results section of this report. 
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 12

Summary of Results

• Increased LNG exports lead to increased natural gas prices. Starting from the AEO2014 Reference 

case baseline, projected average natural gas prices in the Lower 48 states received by producers in 

the export scenarios are 4% (12-Bcf/d scenario) to 11% (20-Bcf/d scenario) more than their base 

projection over the 2015-40 period. Percentage changes in delivered natural gas prices, which 

include charges for gas transportation and distribution, are lower than percentage changes in 

producer prices, particularly for residential and commercial customers. Starting from the AEO2014 

Reference case baseline, projected average Lower 48 states residential natural gas prices in the 

export scenarios are 2% (12-Bcf/d scenario) to 5% (20-Bcf/d scenario) above their base projection 

over the 2015-40 period. 

• Natural gas markets in the United States balance in response to increased LNG exports mainly 

through increased natural gas production. Across the different export scenarios and baselines, 

higher natural gas production satisfies about 61% to 84% of the increase in natural gas demand from 

LNG exports, with a minor additional contribution from increased imports from Canada. Across most 

cases, about three-quarters of this increased production is from shale sources.

• Supply from higher domestic production is augmented by reductions in natural gas use by 

domestic end-users, who respond to higher domestic natural gas prices. As a result of higher 

natural gas prices, the electric generation mix shifts towards other generation sources, including 

coal and renewables, with some decrease in total generation as electricity prices rise. The reduction 

in the average annual level of gas-fired generation over the 2015-40 period ranges from 30 to 146 

billion kilowatthours (kWh), starting from levels that range from 1200 to 1782 billion kWh across the 

five baselines used in this study. There is also a small reduction in natural gas use in all sectors from 

efficiency improvements and conservation.

• Increased LNG exports result in higher total primary energy use and energy-related CO2 emissions 

in the United States. The 0.1% to 0.6% increase in total primary energy use and a -0.1% to 0.6% 

change in CO2 emissions relative to baseline over the 2015-40 period reflect both increased use of 

natural gas to fuel added liquefaction and fuel switching in the electric power sector that for some 

cases increases both fuel use and emissions intensity. 

• Consumer expenditures for natural gas and electricity increase modestly with added LNG exports. 

On average, from 2015 to 2040, natural gas bills paid by end-use consumers in the residential, 

commercial, and industrial sectors combined increase 1% to 8% over a comparable baseline case, 

depending on the export scenario and case, while increases in electricity bills paid by end-use 

customers range from 0% to 3%. These estimates reflect the combined impact of higher prices and 

small reductions in natural gas and electricity use.

• Added U.S. LNG exports result in higher levels of economic output, as measured by real gross 

domestic product as (GDP). Increased energy production spurs investment, which more than 

offsets the adverse impact of somewhat higher energy prices when the export scenarios are applied. 

Economic gains, measured as changes in the level of GDP relative to baseline, range from 0.05% to 

0.17% and generally increase with the amount of added LNG exports required to fulfill an export 

scenario for the applicable baseline. As noted in the previous discussion of caveats, EIA’s NEMS 

model is focused on the U.S. energy system and the domestic economy and does not address 

several key international linkages that may increase economic benefits. 
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 13

• Added U.S. LNG exports result in higher levels of domestic consumption expenditures for goods 

and services in most cases. Domestic consumption is influenced more by movements in energy 

prices, than increased energy production. In most cases, U.S. consumers increase their consumption 

expenditures as the positive impacts of increased energy production outweigh energy price changes. 

As energy prices increase by more than 10% above baseline, then consumption changes become 

very small to negative in some instances. Consumption gains range from 0.0% to 0.08% and 

generally increase with the amount of added LNG exports required to fulfill an export scenario for 

the applicable baseline. 

• Results for export scenarios using baselines representing higher domestic demand for natural gas 

than in the Reference case both economy-wide (HEG case) and specifically for electric power 

generation (ACNR case) differ only slightly from those using the Reference case baseline. 

Although domestic gas use is higher in the HEG and ACNR baselines than in the Reference baseline, 

the preponderance of the energy market response to added LNG exports occurs on the supply side, 

with similar price, expenditure, and economic effects across the three baselines. 

• Results for export scenarios using the HOGR and LOGR baselines that respectively make more 

optimistic and more pessimistic assumptions regarding natural gas resources and technology than 

the Reference case show some differences from those using the other baselines. The amount of 

added LNG exports to fulfill the export scenarios is smaller for the HOGR baseline, which starts with 

relatively high LNG exports, than for other baselines. At the same time, the greater ability to 

increase production also holds down increases in natural gas prices. The LOGR case is the opposite, 

requiring the largest amount of added LNG exports to fulfill the export scenarios under supply 

conditions that make it more difficult and costly to raise production, leading to modeled outcomes 

with the highest impacts on natural gas prices and the largest diversions of natural gas from 

domestic end uses. As noted in the introduction, competition in global LNG markets is likely to 

prevent the realization of high LNG exports under the unfavorable domestic supply conditions of the 

LOGR case. 

• A slower, more realistic, ramp-up in LNG export capability results in slightly lower price impacts in 

the early years of the projection and delays increases in domestic natural gas production that 

support higher LNG exports. In the scenarios specified by DOE/FE, LNG exports from the Lower 48 

states start in 2015 and rise rapidly to reach 12 Bcf/d by 2020. EIA implemented the Alt 20-Bcf/d 

scenario, under Reference case conditions. In EIA’s Alt 20-Bcf/d scenario, the ramp-up in Lower 48 

states LNG exports is delayed but still quite aggressive, reaching 12 Bcf/d in 2023. Comparison of 

results for the “alt” and “standard” versions of the 20-Bcf/d scenario shows very modest differences 

in impacts over the entire projection period. 

• AEO2014, which includes the cases used as baselines in this study, best reflects EIA’s view on LNG 

exports and U.S. natural gas markets more generally. Consideration of the energy market and 

economic implications of export scenarios specified by DOE/FE in this analysis should not be 

construed as reflecting any change in EIA’s own projections.
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 14

Energy Market Results

This section summarizes the analysis results for energy prices, demand, supply, the electricity mix, 

primary energy use, energy-related CO2 emissions, and energy expenditures. Model results for each 

scenario/baseline combination are compared to baseline-only results to identify the impacts of the 

export scenarios. 

Natural gas prices

Generally, natural gas prices increase relative to their respective base cases, with the greatest impact 

during the 2015-25 timeframe when LNG exports are ramping up (Figure 5). The least and greatest price 

changes occur when the export scenarios are considered using the HOGR and LOGR baselines, 

respectively, since, as shown in Table 1, implementing the export scenarios from these baselines 

requires the least and greatest change in export levels. Starting from the HOGR baseline, average Lower 

48 states natural gas prices at the producer level decrease 1% in the 12-Bcf/d scenario for the 2015-40 

period, reflecting a decline in LNG export volumes relative to baseline after 2024. Average Lower 48 

states supply price increases range from 1% (16-Bcf/d scenario) to 3% (20-Bcf/d scenario) in the HOGR 

baseline. When the export scenarios are implemented in the context of the LOGR baseline, the impact 

of average Lower 48 states natural gas prices at the producer level ranges from 10% (12-Bcf/d scenario) 

to 18% (20-Bcf/d scenario) over the 2015-40 period. 

Figure 5. Percentage change in average Lower-48 states natural gas supply prices relative to baseline

Although the increases in natural gas prices at the producer level translate to similar absolute increases 

in delivered prices to customers, the percentage change in prices that industrial and electric customers 

pay tends to be somewhat lower than the change in the producer price. And the percentage change in 

-5%

0%

5%

10%

15%

20%

25%

2015-25 2026-40 2015-40

12-Bcfd scenario

2015-25 2026-40 2015-40

16-Bcfd scenario

2015-25 2026-40 2015-40

20-Bcfd scenario
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 15

prices that residential and commercial customers pay is significantly lower. These lower values are 

because delivered prices include transportation charges (for most customers) and distribution charges 

(especially for residential and commercial customers) that do not vary significantly across export 

scenarios. For example, while the natural gas supply price increases across the three export scenarios 

range from 4% to 11% in the Reference case, the corresponding percentage increases in residential 

prices range from 2% to 5% (Figure 6).

Figure 6. Percentage change in average natural gas residential prices relative to baseline

Summary statistics on delivered prices are provided in Appendix B. More detailed results on delivered

prices and other report results can be found in the standard National Energy Modeling System (NEMS) 

output tables posted online.

Natural gas supply and consumption

In the AEO2014 Reference case, total domestic natural gas production grows from 67.5 Bcf/d in 2015 to 

102.6 Bcf/d in 2040, averaging 89.0 Bcf/d over the 2015-40 period. The United States becomes a net 

exporter of natural gas before 2020, due to declining net imports from Canada and increasing net 

exports of natural gas to Mexico via pipeline and to overseas markets as LNG.

U.S. natural gas consumption is projected to grow in all sectors other than the residential sector, where 

increased efficiencies and migration to warmer regions drive consumption down. Average annual 

natural gas consumption between 2015 and 2040 in the electric power sector is 26.7 Bcf/d, accounting 

for 38% of delivered natural gas end-use volumes. The industrial sector consumes an average of 22.9 

Bcf/d over the same period, 33% of total delivered natural gas consumption. Average natural gas 

volumes projected to be consumed by the residential and commercial sectors between 2015 and 2040 

are 11.9 Bcf/d and 9.0 Bcf/d, respectively. Consumption in the electric power sector, the largest 

consumer of natural gas during the projection period, is particularly responsive to the level of natural 

gas prices. 

-5%

0%

5%

10%

15%

20%

25%

2015-25 2026-40 2015-40

12-Bcfd scenario

2015-25 2026-40 2015-40

16-Bcfd scenario

2015-25 2026-40 2015-40

20-Bcfd scenario
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 16

As discussed above, implementing the scenarios specified for this analysis results in added LNG exports 

and higher domestic natural gas prices. Higher prices lead to increases in domestic natural gas 

production and pipeline imports from Canada, and decreases in domestic natural gas consumption. In all 

pairings of the export scenarios and baselines, most of the additional natural gas needed for export is 

provided by increased domestic production, with a minor contribution from increased natural gas 

imports, largely from Canada. 

For example, using the Reference case baseline, added LNG exports average 10.3 Bcf/d from 2015-40 in 

the 20-Bcf/d scenario. Total natural gas supply is up by 9.1 Bcf/d, and delivered domestic volumes of 

natural gas are down by 2.3 Bcf/d (Figure 7). Increased natural gas production from shale gas resources 

provides about 72% of the 9.1 Bcf/d supply increase, with other natural gas production providing 

roughly 24% and pipeline imports from Canada accounting for the remainder. About 71% of the 2.3 

Bcf/d decrease to end-use consumption occurs in the electric power sector and 11% in the industrial 

sector, on average, from 2015-40. The projected consumption decrements are relatively small in the 

context of baseline levels and trends. For example, average natural gas use for electricity generation is 

25.0 Bcf/d over 2015-40 in the 20-Bcf/d scenario, only 1.6 Bcf/d below the Reference case baseline level. 

For the industrial sector, average natural gas consumption of 22.7 Bcf/d over the 2015-40 period in the 

20-Bcf/d scenario is just 0.3 Bcf/d below the Reference case baseline level.

Figure 7. Change in average natural gas supply and delivered end-use consumption in three export 

scenarios relative to the Reference case baseline (excludes natural gas liquefaction consumption)

-4

-2

0

2

4

6

8

10

12

14

12 16 20 Alt 20 12 16 20 Alt 20 12 16 20 Alt 20

2015-25 2026-40 2015-40

electric generator consumption industrial consumption other consumption

shale production other production gross imports

Bcf/d
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U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 17

Natural gas supply response

Increased domestic production provides most of the additional natural gas needed to support added

LNG exports across the cases and scenarios, as shown in Figure 8. In all cases, with the exception of the 

HOGR case, production from shale resources accounts for more than 70% of the increased production. 

Projected production increases for the three export scenarios are smallest under the HOGR case 

baseline, which requires the lowest amount of added LNG exports given the high levels of production 

and LNG exports compared to the other baselines. Increased domestic gas production only contributes 

to around 60% of LNG export-related demand when the export scenarios are implemented using the 

LOGR case baseline, lower than the share when other baselines are used. This result reflects the 

relatively high prices placing greater downward pressure on demand and the relative lack of ability of 

supply to respond to the high prices under the low resource assumptions.

Figure 8. Change in average natural gas supply in the three export scenarios relative to five baseline 

cases (2015-40)

End-use natural gas consumption response

Across the full range of scenarios and baselines, the end-use consumption response to added LNG 

exports occurs largely within the electric power sector (Figure 9). Except for the HOGR case baseline, 

which requires very modest additions to LNG exports to implement the specified export scenarios, the 

role of demand response tends to rise in the later years of the projection period, particularly for electric 

generators and the transportation sector. These long-term responses reflect the impact of a sustained 

change in natural gas prices on investment decisions.

-2

0

2

4

6

8

10

12

12 16 20 Alt 20 12 16 20 12 16 20 12 16 20 12 16 20

Reference HOGR LOGR HEG ACNR

Shale Production Other Production Gross Imports

Bcf/d
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U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 18

Figure 9. Change in average natural gas consumption in the three export scenarios relative to five 

baselines (2015-40)

Note: “Other” includes lease and plant fuel, pipeline transportation, and vehicle transportation.

Over the 2015-40 period, the decline in natural gas consumption from electric power generators, on 

average, contributes from 10% to 18% to the levels of natural gas needed for the increased LNG export 

demands, across all cases and scenarios. In all the LNG export scenarios and cases, the average change 

from each respective base scenario in total electric generation over the 2015-40 period is 0% to -1%, 

responding to end-use electricity prices that increase 0% to 4%.

A combination of demand reduction and increased coal, nuclear, and renewable generation displaces 

natural gas generation (Figure 10). The tradeoff in natural gas-fired generation and generation from 

competing fuels varies depending on case, and generally depends on what the generation fuel mix is in 

the base scenarios. In all cases and scenarios, with the exception of the ACNR case, in the 2015-25 

period, the increase in coal-fired generation contributes the largest share of the increase in generation 

from other sources. After 2025, increases in nuclear and renewable generation make up the largest 

share in the growth of generation from other fuel in the Reference, LOGR and HEG cases.

-4

-3

-2

-1

0

1

2

3

12 16 20 Alt 20 12 16 20 12 16 20 12 16 20 12 16 20

Reference HOGR LOGR HEG ACNR

electric generators industrial other residential/commercial liquefaction total

Bcf/d
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U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 19

Figure 10. Change in average electric power generation in the three export scenarios relative to five 

baselines (2015-40)

Total energy use, energy-related carbon dioxide emissions, and end-use 

expenditures

Annual primary energy consumption in the AEO2014 Reference case, measured in British thermal units 

(Btu), averages 103 quadrillion Btu over the 2015-40 period, with an annual average growth rate of 

0.3%. Cumulative carbon dioxide (CO2) emissions total 143,353 million metric tons over that period. 

Primary energy use

Implementation of the specified LNG export scenarios starting from any of the five baselines used in this 

study raises projected primary energy consumption (Figure 11). The increase in primary energy use is 

generally on the order of 0.4%, but is lower under the HOGR baseline. This outcome is largely driven by 

the increased use of natural gas needed to liquefy natural gas for exports. As shown in Table 1, average 

added LNG exports over the 2015-40 period vary widely across pairings of scenarios and baselines, from 

0.1 Bcf/d (HOGR case baseline, 12-Bcf/d scenario) to 13.3 Bcf/d (LOGR case baseline, 20-Bcf/d scenario). 

With gas consumed in liquefaction roughly 10% of the LNG export volume, in the LOGR case, 1.33 Bcf/d 

of natural gas, which is equal to 0.50 quadrillion Btu of primary energy consumption annually, is 

required to support added LNG exports at the high end of the added export range. 

Because the heat rate (Btu per kWh) for coal generators generally exceeds that for natural gas 

generators by a significant margin, the displacement of some natural gas-fired generation by coal-fired 

generation, as discussed, also results in a net increase in primary energy use.

(200)

(150)

(100)

(50)

0

50

100

150

12 16 20 Alt 20 12 16 20 12 16 20 12 16 20 12 16 20

Reference HOGR LOGR HEG ACNR

 coal gas nuclear renewables total

billion kWh
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U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 20

Figure 11. Change in average total domestic energy use in the three export scenarios relative to five 

baselines (2015-40)

Energy-related carbon dioxide (CO2) emissions

The use of natural gas to provide energy for added liquefaction, combined with the displacement of 

natural gas by more carbon-intensive fuels in end-use sectors, causes an increase in CO2 emissions over 

the analysis period in most pairings of export scenarios and baselines (Table 2). In particular, the 

increased use of coal in the electric power sector and the increased use of liquids in the industrial sector 

generally result in a net increase in CO2 emissions. A lower natural gas price environment tends to favor 

increased coal use in response to higher LNG exports. Factors driving increased CO2 emissions are

dampened in pairings where the amount of added LNG exports is small and where there is limited 

opportunity or impetus to displace natural gas generation with coal-fired generation. The latter can 

occur in cases where natural gas prices are relatively high (e.g., the LOGR cases), increasing the viability 

of higher priced options such as nuclear and renewables, as well as coal. Higher LNG exports serve to 

exacerbate this response.

Cumulative CO2 emissions are highest in the HEG baseline, which in support of increased economic 

activity has the highest electricity and primary energy consumption of all the baseline cases, and in 

particular has the highest use of liquid fuels and next to highest use of coal. Both the ACNR and LOGR 

cases have the lowest cumulative CO2 emissions from 2015-40 and the lowest percent increases in CO2

emissions from their respective baselines. In the ACNR case, assumptions limit the availability of coalfired and nuclear electric power capacity, with generation from coal and nuclear in the ACNR baseline 

21% and 8%, respectively, below the Reference baseline, on average from 2015-40. Although overall 

electric generation in the ANCR baseline is lower, the reduction in coal and nuclear generation is offset 

by increased natural gas-fired and renewable generation. The LOGR baseline has the lowest amount of 

electricity generation of all the cases, due to the high cost of electricity, driven by the high cost of 

natural gas. The LOGR baseline also has the highest shares of electric generation from nuclear and 

(1.5)

(1.0)

(0.5)

0.0

0.5

1.0

1.5

2.0

12 16 20 Alt 20 12 16 20 12 16 20 12 16 20 12 16 20

Reference HOGR LOGR HEG ACNR

Natural gas used for liquefaction Nuclear / Uranium Coal

Other Liquid Fuels and Other Petroleum Natural Gas (excluding liquefaction)

Total

Quadrillion Btu
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U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 21

renewable sources, which more than offsets the contribution of relatively higher levels of coal-fired 

generation to CO2 emissions. Compared to all the cases, nuclear generation grows the highest amount, 

on average from 2015-40, in each of the LOGR LNG export scenarios.

Despite the CO2 emission increases projected in the LNG export scenarios, energy-related CO2 emissions 

remain below the 2005 level (5,999 million metric tons) in each year of the projection period across all 

pairings of scenarios and baselines.

Table 2. Cumulative energy-related CO2 emissions over 2015-40 and difference from baseline for all 

pairings (million metric tons)

Case Scenario

Cumulative CO2

emissions 

(2015-40)

Difference from 

base

% Change from 

base

Reference baseline 143,353 

12-Bcf/d 143,901 548 0.4%

16-Bcf/d 143,940 587 0.4%

20-Bcf/d 144,157 803 0.6%

Alt 20-Bcf/d 143,586 232 0.2%

HOGR baseline 144,842 

12-Bcf/d 144,836 -6 -0.0%

16-Bcf/d 145,017 175 0.1%

20-Bcf/d 145,213 372 0.3%

LOGR baseline 140,838 

12-Bcf/d 140,982 143 0.1%

16-Bcf/d 140,779 -59 -0.0%

20-Bcf/d 140,661 -177 -0.1%

HEG baseline 149,362 

12-Bcf/d 149,606 243 0.2%

16-Bcf/d 149,536 173 0.1%

20-Bcf/d 149,486 124 0.1%

ACNR baseline 136,077 

12-Bcf/d 136,226 149 0.1%

16-Bcf/d 136,056 -21 -0.0%

20-Bcf/d 136,151 73 0.1%

End-use energy expenditures

The AEO2014 Reference case projects annual average end-use energy expenditures of $1,409 billion 

over the 2015-40 period. Of that, $845 billion per year is spent on liquids, $415 billion on electricity, 

$140 billion on natural gas, and $9 billion on coal. Implementation of the 12-Bcf/d scenario under 

Reference case conditions is projected to increase total end-use energy expenditures by $9 billion per 

year, or 0.6% on average, from 2015-40. For the 20-Bcf/d scenario, total end-use energy expenditures 
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 22

are projected to rise by $18 billion per year, or 1.3% on average, over the same period. Increased enduse expenditures on natural gas account for roughly one-third of additional expenditures.

Similar results apply across the full range of scenarios and baselines. Although implementation of the 

export scenarios specified by DOE/FE reduces projected natural gas and electricity consumption in 

domestic end-use sectors, higher prices increase average projected natural gas and electricity bills over 

the 2015-40 period (Tables 3 and 4).

Expenditures on liquid fuels also increase with added exports across the cases. However, with the 

exception of the HOGR case, the increase in expenditures on liquid fuels is largely due to an increase in 

liquid fuels consumption, which occurs primarily in the industrial sector. This reflects both the increasing 

availability of natural gas liquids as domestic natural gas production grows and higher economic growth.

Table 3. Average natural gas expenditures over 2015-40 and difference from baseline for all pairings 

(billion U.S. 2012$)

Case Scenario

Average natural gas 

expenditures

(2015-40)

Difference from 

base

% Change from 

base

Reference baseline 140 

12-Bcf/d 143 3 1.9%

16-Bcf/d 145 4 3.2%

20-Bcf/d 147 6 4.6%

Alt 20-Bcf/d 145 5 3.7%

HOGR baseline 123 

12-Bcf/d 123 0 0.0%

16-Bcf/d 123 1 0.5%

20-Bcf/d 125 2 1.5%

LOGR baseline 159 

12-Bcf/d 167 8 5.0%

16-Bcf/d 170 11 6.7%

20-Bcf/d 172 13 8.4%

HEG baseline 151 

12-Bcf/d 154 3 2.3%

16-Bcf/d 157 6 3.7%

20-Bcf/d 158 7 4.8%

ACNR baseline 143 

12-Bcf/d 146 3 2.4%

16-Bcf/d 148 5 3.7%

20-Bcf/d 150 7 5.1%
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 23

Table 4. Average electricity expenditures over 2015-40 and difference from baseline for all pairings 

(billion U.S. 2012$)

Case Scenario

Average electricity 

expenditures

(2015-40)

Difference from 

base

% Change from 

base

Reference baseline 415 

12-Bcf/d 419 4 0.9%

16-Bcf/d 421 6 1.3%

20-Bcf/d 423 8 1.9%

Alt 20-Bcf/d 422 6 1.6%

HOGR baseline 399 

12-Bcf/d 399 0 0.1%

16-Bcf/d 399 1 0.2%

20-Bcf/d 400 2 0.4%

LOGR baseline 436 

12-Bcf/d 444 8 1.8%

16-Bcf/d 447 11 2.5%

20-Bcf/d 449 13 3.0%

HEG baseline 446 

12-Bcf/d 450 4 0.9%

16-Bcf/d 453 7 1.6%

20-Bcf/d 455 9 2.0%

ACNR baseline 435 

12-Bcf/d 440 5 1.2%

16-Bcf/d 442 7 1.6%

20-Bcf/d 444 10 2.2%
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 24

Macroeconomic Effects

Macroeconomic considerations related to increased energy exports 

U.S. economic output in NEMS represents all domestic goods and services, and net trade of global goods 

and services. Holding other factors constant, more robust growth in U.S. production of goods and 

services, including energy, adds to domestic output. 

Changes in energy prices can also affect the economy. For example, a reduction in the price of imported 

energy tends to boost domestic economic activity. Any reduction in global natural gas prices that might 

occur due to exports of U.S. LNG would tend to stimulate the economies of countries that import gas, 

increasing their demand for both domestic goods and services and imports sourced from the United 

States and elsewhere. These effects generally apply across the full range of industries. However, to the 

extent that an increment to domestic production is concentrated in a particular sector, such as oil and 

natural gas production, industries that provide inputs to those activities, such as steel pipe and tube and 

drilling equipment, may realize a disproportionately large boost. Because NEMS does not consider how 

U.S. LNG exports might change natural gas pricing in overseas markets, or the implications of such 

changes for non-U.S. economic activity, economic impacts from international markets are not included 

in this study. Capturing that linkage would require the use of a global macroeconomic model that 

explicitly includes energy prices.

For energy-intensive industries, energy prices can also affect industrial activity directly through their 

influence on utilization decisions for existing plants and siting decisions for new ones. All else equal, 

lower U.S. energy prices and higher energy prices abroad tend to favor greater reliance on production 

facilities located in the United States. For example, recent success in developing domestic shale gas 

resources and the consequent availability of price-advantaged natural gas has encouraged both higher 

capacity utilization and plans for capacity expansion in gas-intensive sectors such as the production of 

bulk chemicals. To the extent that U.S. LNG exports result in raised domestic prices and reduced prices 

in other global regions, some of this advantage could be smaller. 

Given its domestic focus, however, NEMS does not account for the impact of energy price changes 

outside of the United States on utilization patterns of existing capacity or the siting of new capacity 

inside or outside of the United States in energy-intensive industries. Capturing such linkages would 

likely require a global model of industrial competition in the specific sector(s) of interest. 

Economic results from EIA modeling 

Increasing LNG exports leads to higher economic output, as measured by real gross domestic product 

(GDP), as increased energy production spurs investment. This higher economic output is enough to 

overcome the negative impact of higher domestic energy prices over the projection period. Exchange 

rates and foreign GDP do not change from their respective baselines when the specified export 

scenarios are modeled in NEMS, which precludes adjustments that would in reality tend to offset the 

impact of a rise in overall U.S. prices relative to those trading partners compared to baseline conditions.

Implementing the export scenarios specified for this study increased domestic economic output, 

measured as GDP, by 0.05% to 0.2% over the 2015-40 period depending on the export scenario. 
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U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 25

Investment and consumption lead the GDP gains. As energy prices begin to rise, these gains begin to 

taper off. Figures 12 and 13 show the GDP and consumption, respectively, for the four export scenarios 

implemented from a Reference case baseline. As shown in Figure 12, the GDP gains from increasing LNG 

exports are positive across all cases, although relatively modest.

Figure 12. Real GDP impacts of the export scenarios relative to the Reference baseline, undiscounted 

and discounted (4% discount rate), billion 2005 dollars

0

100

200

300

400

500

600

700

800

900

Cumulative Change in Real GDP

Undiscounted Present Value at 4%

0.00%

0.02%

0.04%

0.06%

0.08%

0.10%

0.12%

0.14%

0.16%

0.18%

Percent Change Cumulative Real GDP

Undiscounted Present Value at 4%
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 26

Figure 13. Change in real consumption in the export scenarios compared to the Reference baseline, 

undiscounted and discounted (4% discount rate), billion 2005 dollars

Industrial shipments generally mirror GDP changes. Energy-intensive industries are challenged by initial 

energy price increases, but adverse impacts are ameliorated as energy prices return to base levels and 

GDP begins to increase. Employment changes generally follow both industrial shipments and GDP, 

although the changes in employment are proportionately less as labor productivity improves.

Results for 12- and 20-Bcf/d scenarios using alternative baselines 

Differences in the amount of added energy production explain most of the differences in economic 

results from implementing the export scenarios when alternative baselines are used. Using the HOGR 

case as a starting point, real GDP impacts are less as energy production increases to reach the targeted 

export level (Table 1). Even though energy prices are much higher in the LOGR case, the larger increase 

in energy production raises the productive capability of the economy enough to offset the negative 

impacts of higher energy prices. 

As elsewhere in this report, the discussion of economic results focuses on changes from baseline when 

the export scenarios are implemented. This approach is appropriate given the study’s aim of assessing 

the export scenarios rather than differences in the alternative baselines, but readers should always keep 

in mind that differences across the baselines generally play a much larger role than the export scenarios 

in driving overall energy market and economic outcomes. Thus, even though the export scenarios 

provide a bigger boost to economic output using the LOGR case baseline than using the HOGR case 

baseline, the level of economic output is always higher under the favorable resource and technology 

conditions of the HOGR case baseline than using the relatively pessimistic LOGR case baseline. 

GDP impacts across export scenarios using alternative baselines are uniformly positive, although 

relatively modest (Figure 14). The average yearly GDP percentage change in the 12-Bcf/d export 

scenario using alternative base scenarios ranges from 0.01% using the High Resource case to 0.08% 

using the LOGR case (Figure 14). However, there is relatively little difference in aggregate GDP impacts 

0

50

100

150

200

250

Cumulative Change in Real Consumption

Undiscounted Present Value at 4%

0.00%

0.01%

0.02%

0.03%

0.04%

0.05%

0.06%

0.07%

Percentage Change Cumulative Real 

Consumption

Undiscounted Present Value at 4%
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 27

when comparing the cases other than the LOGR case, primarily because the proportionate differences in 

energy production and energy prices between those four cases are small. Increasing LNG exports to 20 

Bcf/d shows higher GDP changes. However, the ACNR case generally shows slightly higher percentagechange impacts compared to the LOGR case, primarily because prices increase proportionately less in 

the ACNR 20-Bcf/d scenario compared to the LOGR 20-Bcf/d scenario (Figure 15). The increases in GDP 

across the export scenarios range from 0.08% to 0.14% using the LOGR case. 

Consumption expenditures across export scenarios are generally positive, though smaller in percentage 

terms than real GDP impacts. Changing energy prices have more of an impact on consumption. For most 

cases, U.S. consumers increase their consumption expenditures as the positive impacts of increased 

energy production outweigh energy price changes. As energy prices increase by more than 10% above 

baseline, then consumption changes become very small to negative in some instances. Consumption 

gains range from 0.0% to 0.08% and generally increase with the amount of added LNG exports required 

to fulfill an export scenario for the applicable baseline.

Figure 14. Cumulative and percent change in real GDP in the 12-Bcf/d scenario relative to alternative 

baselines, billion 2005 dollars

0

100

200

300

400

500

600

700

800

900

1000

Cumulative Change in Real GDP

Undiscounted Present Value at 4%

0.00%

0.02%

0.04%

0.06%

0.08%

0.10%

0.12%

0.14%

0.16%

0.18%

Percent Change Cumulative Real GDP

Undiscounted Present Value at 4%
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 28

Figure 15. Cumulative and percent change in real GDP in the 20-Bcf/d scenario relative to alternative 

baselines, billion 2005 dollars

0

100

200

300

400

500

600

700

800

900

1000

Cumulative Change in Real GDP

Undiscounted Present Value at 4%

0.00%

0.02%

0.04%

0.06%

0.08%

0.10%

0.12%

0.14%

0.16%

0.18%

alt 20

Percent Change Cumulative Real GDP

Undiscounted Present Value at 4%
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 29

Appendix A. Request Letter
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 30
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 31

Appendix B. Summary Tables
baseline 12 Bcf 16 Bcf 20 Bcf Alt 20 Bcf baseline 12 Bcf 16 Bcf 20 Bcf baseline 12 Bcf 16 Bcf 20 Bcf baseline 12 Bcf 16 Bcf 

NATURAL GAS VOLUMES (Tcf)

Net Exports 3.6 5.1 6.1 7.0 6.3 4.9 4.9 5.9 6.8 1.8 4.1 5.0 5.8 3.3 5.0 6.0 

gross imports 2.2 2.3 2.3 2.3 2.3 2.4 2.5 2.4 2.3 2.6 3.0 3.0 3.1 2.3 2.4 2.4 

gross exports 5.8 7.5 8.5 9.3 8.6 7.3 7.4 8.3 9.2 4.4 7.0 8.0 8.9 5.6 7.4 8.4 

Dry Production 32.5 33.9 34.8 35.7 35.1 36.6 36.5 37.5 38.4 27.8 29.7 30.5 31.1 33.8 35.3 36.2 

shale gas 15.9 17.0 17.6 18.3 17.7 19.7 19.7 19.7 20.2 12.0 13.4 13.9 14.4 16.8 18.0 18.7 

other 16.6 16.9 17.2 17.4 17.3 17.0 16.8 17.8 18.2 15.8 16.3 16.6 16.8 17.0 17.4 17.6 

Consumed Volumes (1) 28.8 28.7 28.6 28.5 28.6 31.6 31.5 31.5 31.4 25.9 25.5 25.4 25.2 30.4 30.2 30.1 

electric generators 9.7 9.5 9.3 9.1 9.3 11.8 11.7 11.6 11.5 7.9 7.3 7.1 6.9 10.5 10.2 10.0 

industrial 8.4 8.3 8.3 8.3 8.3 8.6 8.6 8.5 8.5 8.1 8.0 7.9 7.9 8.8 8.8 8.7 liquefaction 0.3 0.4 0.5 0.6 0.6 0.4 0.4 0.5 0.6 0.2 0.4 0.6 0.7 0.2 0.4 0.5 residential 4.3 4.3 4.3 4.3 4.3 4.4 4.4 4.4 4.4 4.3 4.2 4.2 4.2 4.5 4.5 4.5 commercial 3.3 3.3 3.2 3.2 3.2 3.4 3.4 3.4 3.4 3.1 3.1 3.1 3.1 3.3 3.3 3.3 other 2.8 2.8 2.9 2.9 2.9 3.0 3.0 3.0 3.1 2.4 2.5 2.5 2.5 2.9 3.0 3.0 

NATURAL GAS END‐USE PRICES (2012$/Mcf)

residential 13.4 13.7 13.8 14.0 13.9 12.0 12.0 12.1 12.2 15.3 16.1 16.4 16.6 13.8 14.2 14.4 commercial 11.0 11.3 11.4 11.6 11.5 9.5 9.6 9.6 9.7 12.9 13.7 14.0 14.2 11.3 11.6 11.8 industrial 6.9 7.1 7.3 7.5 7.4 5.5 5.5 5.6 5.7 8.6 9.4 9.7 9.9 7.1 7.4 7.6 

OTHER PRICES

Natural Gas Lower 48 Supply Price (2012$/Mcf) 5.4 5.7 5.8 5.99 5.9 4.0 4.0 4.1 4.2 7.1 7.9 8.2 8.4 5.6 5.9 6.1 

Northeast (2012$/Mcf) 5.6 5.9 6.0 6.2 6.1 4.1 4.0 3.9 3.9 8.0 8.8 8.9 9.0 5.9 6.2 6.3 Gulf Coast (2012$/Mcf) 5.5 5.7 5.9 6.0 5.9 4.0 4.1 4.2 4.3 7.1 7.8 8.1 8.5 5.7 5.9 6.1 West Coast (2012$/Mcf) 5.6 5.9 6.0 6.2 6.1 4.4 4.5 4.6 4.7 7.1 7.7 8.0 8.2 5.8 6.1 6.3 

Coal Minemouth Price (2012$/short‐ton) 51.1 51.2 51.2 51.2 51.2 50.3 50.3 50.3 50.3 51.4 51.5 51.5 51.5 51.8 51.9 51.9 End‐Use Electricity Price (2012 cents/Kwh) 10.4 10.5 10.5 10.6 10.6 9.8 9.8 9.8 9.8 11.1 11.4 11.4 11.5 10.5 10.7 10.8 

END‐USE ENERGY EXPENDITURES (B 2012$) 1,409.2 1,418.4 1,423.0 1,427.7 1,423.5 1,332.3 1,333.7 1,334.7 1,336.8 1,458.8 1,477.0 1,483.1 1,488.7 1,505.7 1,516.6 1,522.7 

liquids 845.0 847.9 848.7 849.2 847.6 802.6 803.7 803.7 803.8 855.5 857.8 858.3 859.1 899.2 902.7 903.3 

natural gas 140.3 143.0 144.8 146.7 145.5 122.7 122.8 123.4 124.5 159.1 166.9 169.7 172.4 151.0 154.4 156.6 electricity 415.4 419.0 421.0 423.3 421.8 398.5 398.8 399.2 400.1 435.8 443.8 446.6 448.8 445.7 449.7 453.0 coal 8.5 8.5 8.5 8.5 8.5 8.4 8.4 8.4 8.4 8.5 8.5 8.4 8.4 9.8 9.8 9.8 

END‐USE ENERGY CONSUMPTION (quadrillion

Btu) 65.4 65.4 65.3 65.3 65.1 67.2 67.1 67.0 67.0 64.3 64.0 63.9 63.8 68.6 68.5 68.4 ELECTRIC GENERATION (billion kWh) 4,711.1 4,702.9 4,695.1 4,689.7 4,691.0 4,811.2 4,813.8 4,806.9 4,803.2 4,615.4 4,583.7 4,573.6 4,565.3 4,969.2 4,959.3 4,950.5 

coal 1,668.2 1,690.1 1,695.3 1,705.9 1,680.6 1,526.1 1,533.7 1,539.4 1,550.0 1,737.4 1,761.6 1,759.1 1,761.0 1,711.2 1,725.3 1,727.3 

gas 1,486.1 1,444.7 1,418.2 1,395.4 1,424.3 1,769.5 1,754.3 1,739.9 1,721.1 1,200.3 1,113.9 1,082.7 1,054.3 1,623.2 1,571.0 1,543.2 

nuclear 785.6 789.2 795.4 798.5 797.2 781.0 781.0 781.0 781.0 838.1 850.0 878.4 881.1 808.9 818.0 826.1 

renewables 728.8 736.5 743.7 747.3 746.4 692.5 702.8 704.6 709.1 797.0 815.6 810.8 826.3 782.9 802.0 811.0 other 42.4 42.5 42.5 42.6 42.5 42.1 42.1 42.0 42.1 42.6 42.6 42.6 42.6 42.9 43.0 43.0 

PRIMARY ENERGY (quadrillion Btu)

Consumption 102.6 102.9 103.0 103.1 102.9 104.4 104.4 104.5 104.6 101.3 101.6 101.7 101.7 107.2 107.6 107.7 

liquids 36.0 36.1 36.1 36.1 36.1 36.9 36.8 36.8 36.8 35.8 35.9 35.9 35.9 37.5 37.6 37.6 

natural gas 29.4 29.3 29.2 29.1 29.2 32.3 32.2 32.2 32.1 26.5 26.1 25.9 25.8 31.0 30.8 30.8 coal 18.8 19.0 19.1 19.2 18.9 17.3 17.4 17.4 17.5 19.5 19.7 19.7 19.7 19.4 19.6 19.6 other 18.4 18.5 18.6 18.7 18.7 18.0 18.1 18.1 18.1 19.6 19.9 20.2 20.3 19.2 19.5 19.7 

Production 97.1 99.1 100.2 101.3 100.3 108.4 108.4 109.4 110.5 91.7 94.3 95.4 96.3 100.1 102.3 103.4 

ENERGY RELATED CO2 EMISSIONS (including

liquefaction) (million metric tons) 5,514 5,535 5,536 5,544 5,523 5,571 5,571 5,578 5,585 5,417 5,422 5,415 5,410 5,745 5,754 5,751 ECONOMIC INDICATORS

Gross Domestic Product

(B 2005 chain‐weighted $) 20,223 20,236 20,246 20,254 20,246 20,386 20,388 20,396 20,404 20,144 20,160 20,167 20,172 21,646 21,660 21,670 

Total industrial shipments (B 2005$) 9,118 9,133 9,135 9,136 9,125 9,399 9,401 9,398 9,396 8,967 8,966 8,964 8,962 10,190 10,204 10,204 

Non‐farm employment (millions) 156 156 156 156 156 156 156 156 157 155 155 155 155 162 163 163 

Annual change in Consumer Price Index 2.1% 2.1% 2.1% 2.1% 2.1% 2.0% 2.0% 2.0% 2.0% 2.2% 2.2% 2.2% 2.2% 1.8% 1.8% 1.8% 

Low Oil and Gas Resource High Macroeconomic Grow

Table B1. U.S. Annual Averages Values from 2015‐40

Reference High Oil and Gas Resource

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 
Table B2. Differential from Base in U.S. Annual Average Values from 2015‐40 when Exports are Added

baseline 12 Bcf 16 Bcf 20 Bcf Alt 20 Bcf baseline 12 Bcf 16 Bcf 20 Bcf baseline 12 Bcf 16 Bcf 20 Bcf baseline 12 Bcf 16 Bcf 

NATURAL GAS VOLUMES (Tcf)

Net Exports 1.5 2.5 3.5 2.7 (0.0) 1.0 1.9 2.3 3.2 4.0 1.7 2.7 

gross imports 0.2 0.1 0.1 0.1 0.1 0.0 (0.0) 0.3 0.3 0.4 0.1 0.1 

gross exports 1.7 2.7 3.6 2.8 0.1 1.0 1.9 2.6 3.6 4.4 1.9 2.8 

Dry Production 1.4 2.4 3.2 2.6 (0.1) 0.9 1.7 1.9 2.7 3.3 1.6 2.5 

shale gas 1.1 1.8 2.4 1.9 0.1 0.1 0.5 1.3 1.9 2.3 1.2 1.9 

other 0.3 0.6 0.8 0.7 (0.2) 0.8 1.2 0.5 0.8 1.0 0.4 0.6 

Consumed Volumes (1) (0.1) (0.2) (0.3) (0.1) (0.1) (0.1) (0.1) (0.4) (0.5) (0.6) (0.2) (0.3) 

electric generators (0.3) (0.4) (0.6) (0.4) (0.1) (0.1) (0.3) (0.6) (0.8) (0.9) (0.3) (0.5) 

industrial (0.0) (0.1) (0.1) (0.1) (0.0) (0.1) (0.1) (0.1) (0.2) (0.2) (0.1) (0.1) liquefaction 0.2 0.3 0.4 0.3 0.0 0.1 0.2 0.3 0.4 0.5 0.2 0.3 

residential (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.1) (0.1) (0.0) (0.0) 

commercial (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.1) (0.1) (0.1) (0.0) (0.0) other 0.1 0.1 0.1 0.1 (0.0) 0.0 0.1 0.1 0.1 0.2 0.1 0.1 

NATURAL GAS END‐USE PRICES (2012$/Mcf)

residential 0.3 0.5 0.6 0.5 0.1 0.1 0.2 0.8 1.1 1.4 0.3 0.5 commercial 0.3 0.4 0.6 0.5 0.0 0.1 0.2 0.8 1.1 1.3 0.3 0.5 

industrial 0.2 0.4 0.6 0.5 0.0 0.1 0.2 0.8 1.0 1.3 0.3 0.5 

OTHER PRICES

Natural Gas Lower 48 Supply Price (2012$/Mcf) 0.2 0.4 0.57 0.5 (0.0) 0.0 0.1 0.7 1.0 1.3 0.3 0.5 

Northeast (2012$/Mcf) 0.3 0.4 0.5 0.4 (0.1) (0.2) (0.2) 0.8 1.0 1.0 0.3 0.4 Gulf Coast (2012$/Mcf) 0.2 0.4 0.6 0.5 0.0 0.1 0.3 0.7 1.0 1.4 0.3 0.5 West Coast (2012$/Mcf) 0.3 0.4 0.5 0.5 0.1 0.2 0.3 0.6 1.0 1.2 0.3 0.5 

Coal Minemouth Price (2012$/short‐ton) 0.1 0.1 0.1 0.1 (0.0) 0.0 (0.0) 0.1 0.1 0.0 0.1 0.1 End‐Use Electricity Price (2012 cents/Kwh) 0.1 0.2 0.2 0.2 0.0 0.0 0.1 0.3 0.4 0.4 0.1 0.2 

END‐USE ENERGY EXPENDITURES (B 2012$) 9.1 13.8 18.5 14.2 1.5 2.4 4.5 18.2 24.3 29.9 11.0 17.0 

liquids 2.9 3.7 4.2 2.6 1.1 1.1 1.1 2.3 2.9 3.6 3.5 4.1 

natural gas 2.7 4.5 6.4 5.1 0.0 0.6 1.8 7.9 10.7 13.3 3.5 5.6 electricity 3.6 5.6 7.9 6.5 0.3 0.7 1.6 8.0 10.8 13.0 4.0 7.3 coal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (0.0) (0.0) (0.0) 0.0 0.0 

END‐USE ENERGY CONSUMPTION (quadrillionBtu) (0.0) (0.1) (0.2) (0.3) (0.1) (0.2) (0.2) (0.3) (0.4) (0.4) (0.1) (0.2) 

ELECTRIC GENERATION (billion kWh) (8.1) (15.9) (21.3) (20.1) 2.6 (4.3) (7.9) (31.7) (41.8) (50.1) (9.9) (18.6) 

coal 21.9 27.1 37.8 12.4 7.6 13.3 23.9 24.2 21.7 23.6 14.1 16.1 

gas (41.4) (67.9) (90.7) (61.8) (15.2) (29.6) (48.4) (86.5) (117.7) (146.1) (52.2) (80.0) 

nuclear 3.6 9.8 12.9 11.6 (0.0) (0.0) (0.0) 11.9 40.3 43.0 9.1 17.2 

renewables 7.7 14.9 18.6 17.6 10.3 12.1 16.6 18.6 13.8 29.3 19.1 28.1 

other 0.1 0.1 0.1 0.0 (0.0) (0.1) (0.0) 0.1 0.0 0.0 0.0 0.1 

PRIMARY ENERGY (quadrillion Btu)

Consumption 0.3 0.4 0.6 0.3 0.0 0.1 0.2 0.2 0.3 0.4 0.3 0.4 

liquids 0.1 0.1 0.1 0.1 (0.0) (0.1) (0.1) 0.0 0.1 0.1 0.1 0.1 

natural gas (0.1) (0.2) (0.3) (0.1) (0.1) (0.1) (0.2) (0.4) (0.5) (0.7) (0.2) (0.3) 

coal 0.2 0.3 0.4 0.1 0.1 0.1 0.3 0.3 0.2 0.2 0.2 0.2 

other 0.1 0.2 0.3 0.3 0.1 0.1 0.2 0.3 0.6 0.7 0.3 0.5 

Production 1.9 3.1 4.2 3.2 (0.0) 1.1 2.1 2.6 3.7 4.6 2.2 3.3 

ENERGY RELATED CO2 EMISSIONS (including

liquefaction) (million metric tons) 21 23 31 9 (0) 7 14 6 (2) (7) 9 7 

ECONOMIC INDICATORS

Gross Domestic Product

(B 2005 chain‐weighted $) 14 23 32 23 1 10 18 16 23 28 14 24 

Total industrial shipments (B 2005$) 15 17 18 7 2 (1) (3) (1) (2) (5) 13 14 

Non‐farm employment (millions) 0.1 0.1 0.2 0.1 0 0 0 0 0 0 0 0 

Annual change in Consumer Price Index 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 

Reference High Oil and Gas Resource Low Oil and Gas Resource High Macroeconomic Grow

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 
Table B3. Differential (%) from Base in U.S. Annual Average Values from 2015‐40 when Exports are Added

baseline 12 Bcf 16 Bcf 20 Bcf Alt 20 Bcf baseline 12 Bcf 16 Bcf 20 Bcf baseline 12 Bcf 16 Bcf 20 Bcf baseline 12 Bcf 16 Bcf 

NATURAL GAS VOLUMES (Tcf)

Net Exports 42.4% 70.8% 96.1% 76.3% ‐0.5% 20.0% 38.4% 126.9% 179.6% 221.7% 52.8% 83.2% 

gross imports 7.1% 6.3% 5.4% 4.1% 4.0% 0.1% ‐0.8% 11.6% 12.7% 16.8% 5.9% 4.5% 

gross exports 29.1% 46.5% 61.8% 49.1% 0.9% 13.6% 25.7% 58.2% 80.2% 99.7% 33.8% 51.2% 

Dry Production 4.4% 7.3% 9.8% 8.0% ‐0.4% 2.5% 4.8% 6.8% 9.7% 12.0% 4.7% 7.4% 

shale gas 7.0% 11.2% 15.1% 11.7% 0.3% 0.4% 2.6% 11.2% 15.8% 19.4% 7.2% 11.2% 

other 2.0% 3.5% 4.8% 4.4% ‐1.1% 4.9% 7.2% 3.4% 5.0% 6.4% 2.2% 3.6% 

Consumed Volumes (1) ‐0.3% ‐0.6% ‐0.9% ‐0.5% ‐0.4% ‐0.3% ‐0.5% ‐1.5% ‐2.1% ‐2.5% ‐0.5% ‐0.8% 

electric generators ‐2.7% ‐4.6% ‐6.1% ‐4.2% ‐0.5% ‐1.2% ‐2.6% ‐7.0% ‐9.6% ‐12.0% ‐3.2% ‐4.9% 

industrial ‐0.4% ‐0.8% ‐1.1% ‐0.9% ‐0.3% ‐0.7% ‐1.1% ‐1.6% ‐2.0% ‐2.5% ‐0.6% ‐1.0% 

liquefaction 62.0% 102.5% 138.9% 109.2% 1.3% 29.3% 54.5% 168.0% 234.2% 293.5% 76.8% 120.7% 

residential ‐0.4% ‐0.6% ‐0.8% ‐0.6% ‐0.1% ‐0.2% ‐0.4% ‐1.0% ‐1.3% ‐1.6% ‐0.5% ‐0.7% 

commercial ‐0.7% ‐1.1% ‐1.5% ‐1.2% ‐0.2% ‐0.3% ‐0.6% ‐1.8% ‐2.4% ‐2.8% ‐0.9% ‐1.2% 

other 2.7% 4.1% 5.1% 4.1% ‐0.6% 1.0% 2.3% 4.3% 5.6% 7.0% 2.8% 4.2% 

NATURAL GAS END‐USE PRICES (2012$/Mcf)

residential 2.1% 3.4% 4.8% 3.9% 0.7% 1.2% 2.0% 5.5% 7.3% 8.9% 2.5% 3.9% 

commercial 2.5% 4.0% 5.7% 4.6% 0.4% 0.9% 1.8% 6.3% 8.5% 10.2% 2.9% 4.6% 

industrial 3.6% 6.2% 8.8% 7.1% 0.5% 2.1% 4.4% 8.9% 12.2% 15.3% 4.4% 7.0% 

OTHER PRICES

Natural Gas Lower 48 Supply Price (2012$/Mcf) 4.3% 7.4% 10.6% 8.6% ‐0.7% 0.8% 3.2% 10.4% 14.4% 17.9% 5.0% 8.2% 

Northeast (2012$/Mcf) 4.5% 6.6% 9.2% 7.3% ‐3.2% ‐5.2% ‐4.9% 10.2% 12.3% 13.1% 4.6% 7.4% Gulf Coast (2012$/Mcf) 3.9% 7.1% 10.4% 8.7% 0.5% 3.4% 6.7% 10.2% 14.8% 19.0% 4.8% 8.2% 

West Coast (2012$/Mcf) 4.7% 6.9% 9.7% 8.2% 2.5% 4.5% 6.5% 9.0% 13.6% 16.7% 5.6% 8.1% 

Coal Minemouth Price (2012$/short‐ton) 0.2% 0.2% 0.1% 0.1% ‐0.1% 0.1% 0.0% 0.1% 0.1% 0.1% 0.1% 0.2% End‐Use Electricity Price (2012 cents/Kwh) 1.0% 1.6% 2.3% 1.9% 0.0% 0.2% 0.6% 2.4% 3.3% 3.9% 1.1% 2.1% 

END‐USE ENERGY EXPENDITURES (B 2012$) 0.6% 1.0% 1.3% 1.0% 0.1% 0.2% 0.3% 1.2% 1.7% 2.0% 0.7% 1.1% 

liquids 0.3% 0.4% 0.5% 0.3% 0.1% 0.1% 0.1% 0.3% 0.3% 0.4% 0.4% 0.5% natural gas 1.9% 3.2% 4.6% 3.7% 0.0% 0.5% 1.5% 5.0% 6.7% 8.4% 2.3% 3.7% electricity 0.9% 1.3% 1.9% 1.6% 0.1% 0.2% 0.4% 1.8% 2.5% 3.0% 0.9% 1.6% coal 0.4% 0.3% 0.3% 0.1% 0.2% 0.2% 0.2% ‐0.3% ‐0.4% ‐0.6% 0.2% 0.1% 

END‐USE ENERGY CONSUMPTION (quadrillionBtu) ‐0.1% ‐0.2% ‐0.3% ‐0.5% ‐0.1% ‐0.2% ‐0.4% ‐0.4% ‐0.6% ‐0.7% ‐0.1% ‐0.3% 

ELECTRIC GENERATION (billion kWh) ‐0.2% ‐0.3% ‐0.5% ‐0.4% 0.1% ‐0.1% ‐0.2% ‐0.7% ‐0.9% ‐1.1% ‐0.2% ‐0.4% 

coal 1.3% 1.6% 2.3% 0.7% 0.5% 0.9% 1.6% 1.4% 1.2% 1.4% 0.8% 0.9% 

gas ‐2.8% ‐4.6% ‐6.1% ‐4.2% ‐0.9% ‐1.7% ‐2.7% ‐7.2% ‐9.8% ‐12.2% ‐3.2% ‐4.9% 

nuclear 0.5% 1.2% 1.6% 1.5% 0.0% 0.0% 0.0% 1.4% 4.8% 5.1% 1.1% 2.1% 

renewables 1.1% 2.0% 2.5% 2.4% 1.5% 1.8% 2.4% 2.3% 1.7% 3.7% 2.4% 3.6% 

other 0.2% 0.2% 0.3% 0.1% ‐0.1% ‐0.3% ‐0.1% 0.1% 0.1% 0.1% 0.1% 0.2% 

PRIMARY ENERGY (quadrillion Btu)

Consumption 0.3% 0.4% 0.6% 0.3% 0.0% 0.1% 0.2% 0.2% 0.3% 0.4% 0.3% 0.4% 

liquids 0.2% 0.3% 0.3% 0.2% ‐0.1% ‐0.2% ‐0.2% 0.1% 0.2% 0.2% 0.2% 0.2% 

natural gas ‐0.3% ‐0.6% ‐0.9% ‐0.5% ‐0.4% ‐0.3% ‐0.5% ‐1.5% ‐2.1% ‐2.5% ‐0.5% ‐0.8% 

coal 1.2% 1.5% 2.1% 0.7% 0.5% 0.8% 1.4% 1.3% 1.2% 1.3% 0.8% 0.9% 

other 0.6% 1.3% 1.7% 1.6% 0.6% 0.7% 0.9% 1.6% 2.9% 3.8% 1.4% 2.3% 

Production 2.0% 3.2% 4.3% 3.3% 0.0% 1.0% 1.9% 2.8% 4.1% 5.0% 2.1% 3.3% 

ENERGY RELATED CO2 EMISSIONS (including

liquefaction) (million metric tons) 0.4% 0.4% 0.6% 0.2% 0.0% 0.1% 0.3% 0.1% 0.0% ‐0.1% 0.2% 0.1% 

ECONOMIC INDICATORS

Gross Domestic Product

(B 2005 chain‐weighted $) 0.1% 0.1% 0.2% 0.1% 0.0% 0.0% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 

Total industrial shipments (B 2005$) 0.2% 0.2% 0.2% 0.1% 0.0% 0.0% 0.0% 0.0% 0.0% ‐0.1% 0.1% 0.1% 

Non‐farm employment (millions) 0.1% 0.1% 0.1% 0.1% 0.0% 0.0% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 

Annual change in Consumer Price Index 0.0% 0.2% 0.4% 0.3% 0.0% ‐0.4% ‐0.6% 0.0% 0.3% 0.4% 0.2% 0.3% 

Reference High Oil and Gas Resource Low Oil and Gas Resource High Macroeconomic Grow

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 
baseline 12 Bcf 16 Bcf 20 Bcf Alt 20 Bcf baseline 12 Bcf 16 Bcf 20 Bcf baseline 12 Bcf 16 Bcf 20 Bcf baseline 12 Bcf 16 Bcf 

NATURAL GAS VOLUMES (Tcf)

Net Exports 1.5 3.0 3.6 3.9 2.2 1.9 2.9 3.4 3.7 0.7 2.7 3.3 3.6 1.4 3.0 3.6 

gross imports 2.5 2.6 2.6 2.6 2.5 2.6 2.7 2.7 2.7 2.6 2.8 2.9 2.9 2.5 2.6 2.6 

gross exports 3.9 5.6 6.2 6.5 4.7 4.5 5.6 6.1 6.5 3.3 5.6 6.2 6.5 3.9 5.6 6.2 

Dry Production 28.6 30.2 30.7 30.9 29.3 30.9 31.8 32.3 32.5 26.5 28.3 28.8 29.1 29.5 31.1 31.6 

shale gas 13.0 14.2 14.5 14.7 13.5 14.7 15.4 15.7 15.8 11.3 12.7 13.0 13.2 13.7 14.8 15.2 

other 15.6 16.0 16.2 16.2 15.8 16.2 16.4 16.6 16.7 15.2 15.6 15.8 15.9 15.9 16.2 16.3 

Consumed Volumes (1) 27.1 27.0 27.0 26.9 27.0 28.9 28.8 28.7 28.6 25.7 25.4 25.4 25.3 28.0 27.9 27.9 

electric generators 8.8 8.6 8.5 8.4 8.7 10.3 10.0 9.9 9.8 7.9 7.5 7.4 7.4 9.4 9.1 9.1 

industrial 8.1 8.1 8.0 8.0 8.1 8.2 8.2 8.1 8.1 8.0 7.9 7.8 7.8 8.3 8.3 8.3 liquefaction 0.2 0.3 0.4 0.4 0.3 0.2 0.3 0.4 0.4 0.1 0.3 0.4 0.4 0.2 0.3 0.4 residential 4.5 4.4 4.4 4.4 4.5 4.5 4.5 4.5 4.5 4.4 4.4 4.4 4.4 4.5 4.5 4.5 commercial 3.2 3.1 3.1 3.1 3.2 3.3 3.2 3.2 3.2 3.1 3.0 3.0 3.0 3.2 3.1 3.1 other 2.3 2.4 2.5 2.5 2.4 2.4 2.5 2.5 2.5 2.2 2.3 2.3 2.4 2.4 2.5 2.5 

NATURAL GAS END‐USE PRICES (2012$/Mcf)

residential 11.9 12.1 12.2 12.3 12.1 11.0 11.2 11.3 11.4 12.7 13.6 13.8 14.0 12.1 12.5 12.7 commercial 9.8 10.0 10.1 10.2 10.0 8.8 8.9 9.0 9.1 10.6 11.4 11.6 11.8 9.9 10.2 10.4 industrial 5.9 6.1 6.2 6.4 6.1 5.2 5.4 5.5 5.7 6.7 7.5 7.7 8.0 6.0 6.2 6.4 

OTHER PRICES

Natural Gas Lower 48 Supply Price (2012$/Mcf) 4.4 4.5 4.7 4.8 4.5 3.6 3.7 3.8 3.9 5.1 5.9 6.1 6.4 4.4 4.7 4.8 

Northeast (2012$/Mcf) 4.3 4.4 4.5 4.5 4.5 2.7 2.7 2.6 2.6 5.3 6.0 6.0 6.1 4.3 4.6 4.7 Gulf Coast (2012$/Mcf) 4.4 4.6 4.7 4.9 4.6 3.9 4.0 4.2 4.4 5.2 6.0 6.2 6.5 4.5 4.7 4.9 West Coast (2012$/Mcf) 4.7 4.8 4.9 5.0 4.8 4.2 4.4 4.5 4.6 5.3 6.0 6.3 6.5 4.7 5.0 5.2 

Coal Minemouth Price (2012$/short‐ton) 46.1 46.2 46.2 46.2 46.2 45.3 45.3 45.4 45.3 46.5 46.8 46.8 46.7 46.5 46.6 46.7 End‐Use Electricity Price (2012 cents/Kwh) 10.0 10.1 10.1 10.2 10.1 9.8 9.8 9.8 9.8 10.3 10.6 10.7 10.8 10.1 10.2 10.3 

END‐USE ENERGY EXPENDITURES (B 2012$) 1,290.0 1,296.3 1,300.0 1,302.3 1,295.0 1,249.1 1,253.7 1,257.2 1,260.8 1,318.0 1,338.1 1,343.6 1,348.6 1,336.8 1,345.3 1,350.9 

liquids 784.4 786.3 787.1 787.2 785.2 759.4 761.9 762.5 764.1 794.8 797.2 797.6 798.0 813.5 815.4 816.0 

natural gas 119.2 121.4 122.9 124.2 121.4 110.2 111.5 113.1 114.3 128.1 137.4 139.9 142.3 122.4 125.9 128.1 electricity 378.2 380.2 381.6 382.6 380.0 371.2 372.0 373.3 374.1 386.7 395.2 397.7 400.0 391.8 395.0 397.7 coal 8.3 8.4 8.4 8.4 8.4 8.3 8.3 8.3 8.3 8.4 8.4 8.4 8.4 9.1 9.1 9.1 

END‐USE ENERGY CONSUMPTION (quadrillion

Btu) 64.7 64.7 64.7 64.6 64.4 65.7 65.6 65.5 65.5 64.3 64.0 63.9 63.9 66.5 66.4 66.3 ELECTRIC GENERATION (billion kWh) 4,407.5 4,403.2 4,399.3 4,397.5 4,403.7 4,455.8 4,451.4 4,447.8 4,445.5 4,376.1 4,348.2 4,340.7 4,336.0 4,539.8 4,532.8 4,526.7 

coal 1,643.4 1,671.7 1,677.7 1,688.3 1,655.0 1,515.5 1,536.1 1,544.5 1,552.1 1,712.0 1,740.3 1,740.2 1,741.5 1,676.6 1,698.1 1,699.4 

gas 1,274.3 1,238.5 1,223.6 1,211.2 1,253.4 1,473.0 1,436.0 1,421.8 1,408.7 1,146.2 1,083.5 1,071.4 1,063.1 1,363.9 1,327.2 1,317.2 

nuclear 783.3 783.3 783.3 783.3 783.3 783.3 783.3 783.3 783.3 793.2 793.3 796.7 796.8 783.5 783.5 783.3 

renewables 664.0 667.1 672.3 672.1 669.5 641.7 653.5 655.9 659.1 682.1 688.3 689.7 691.8 673.0 681.1 683.9 other 42.5 42.6 42.6 42.6 42.5 42.4 42.5 42.3 42.3 42.7 42.8 42.8 42.8 42.8 42.9 42.9 

PRIMARY ENERGY (quadrillion Btu)

Consumption 100.5 100.9 100.9 101.0 100.6 101.3 101.5 101.5 101.5 100.1 100.2 100.2 100.2 103.0 103.3 103.3 

liquids 36.7 36.7 36.7 36.7 36.7 37.0 37.0 37.0 37.0 36.6 36.6 36.6 36.6 37.5 37.6 37.6 

natural gas 27.6 27.6 27.5 27.5 27.6 29.6 29.4 29.4 29.2 26.3 26.0 25.9 25.9 28.6 28.5 28.5 coal 18.6 18.9 18.9 19.0 18.7 17.2 17.4 17.5 17.6 19.3 19.6 19.6 19.6 19.0 19.3 19.3 other 17.7 17.7 17.7 17.7 17.7 17.4 17.6 17.6 17.6 17.9 18.0 18.1 18.1 17.8 17.9 17.9 

Production 93.3 95.3 96.0 96.4 94.2 98.9 100.1 100.7 101.0 90.6 92.8 93.4 93.7 95.0 97.0 97.6 

ENERGY RELATED CO2 EMISSIONS (including

liquefaction) (million metric tons) 5,469 5,497 5,501 5,508 5,477 5,464 5,477 5,483 5,485 5,462 5,477 5,474 5,473 5,614 5,634 5,635 ECONOMIC INDICATORS

Gross Domestic Product

(B 2005 chain‐weighted $) 16,739 16,751 16,754 16,756 16,742 16,831 16,839 16,842 16,844 16,699 16,705 16,707 16,709 17,517 17,528 17,529 

Total industrial shipments (B 2005$) 7,960 7,971 7,972 7,969 7,961 8,117 8,118 8,117 8,117 7,900 7,891 7,889 7,889 8,557 8,564 8,560 

Non‐farm employment (millions) 148 148 148 148 148 148 148 148 148 147 147 147 147 152 152 152 

Annual change in Consumer Price Index 1.8% 1.8% 1.9% 1.9% 1.9% 1.8% 1.8% 1.8% 1.8% 1.9% 2.0% 2.0% 2.0% 1.5% 1.5% 1.5% 

Table B4. U.S. Annual Averages Values from 2015‐25

Reference High Oil and Gas Resource Low Oil and Gas Resource High Macroeconomic Grow

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 
Table B5. Differential from Base in U.S. Annual Average Values from 2015‐25 when Exports are Added

baseline 12 Bcf 16 Bcf 20 Bcf Alt 20 Bcf baseline 12 Bcf 16 Bcf 20 Bcf baseline 12 Bcf 16 Bcf 20 Bcf baseline 12 Bcf 16 Bcf 

NATURAL GAS VOLUMES (Tcf)

Net Exports 1.6 2.1 2.4 0.8 1.0 1.5 1.9 2.1 2.7 3.0 1.6 2.1 

gross imports 0.1 0.1 0.1 0.0 0.1 0.1 0.1 0.2 0.2 0.2 0.1 0.1 

gross exports 1.7 2.3 2.6 0.8 1.1 1.7 2.0 2.3 2.9 3.2 1.7 2.3 

Dry Production 1.5 2.0 2.3 0.7 0.8 1.3 1.5 1.8 2.3 2.6 1.5 2.1 

shale gas 1.2 1.5 1.7 0.5 0.7 1.0 1.0 1.4 1.8 1.9 1.2 1.6 

other 0.4 0.5 0.6 0.2 0.2 0.4 0.5 0.4 0.5 0.6 0.4 0.5 

Consumed Volumes (1) (0.0) (0.1) (0.2) (0.1) (0.1) (0.2) (0.3) (0.3) (0.4) (0.4) (0.1) (0.1) 

electric generators (0.2) (0.4) (0.4) (0.2) (0.3) (0.3) (0.5) (0.4) (0.5) (0.6) (0.2) (0.3) 

industrial (0.0) (0.0) (0.1) (0.0) (0.0) (0.1) (0.1) (0.1) (0.2) (0.2) (0.0) (0.1) liquefaction 0.2 0.2 0.3 0.1 0.1 0.2 0.2 0.2 0.3 0.3 0.2 0.2 

residential (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.1) (0.1) (0.0) (0.0) 

commercial (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.1) (0.1) (0.1) (0.0) (0.0) other 0.1 0.1 0.1 0.0 0.0 0.1 0.1 0.1 0.1 0.2 0.1 0.1 

NATURAL GAS END‐USE PRICES (2012$/Mcf)

residential 0.2 0.3 0.4 0.2 0.2 0.3 0.4 0.9 1.1 1.3 0.3 0.5 commercial 0.2 0.3 0.4 0.2 0.1 0.2 0.3 0.8 1.1 1.2 0.3 0.5 

industrial 0.2 0.3 0.4 0.2 0.1 0.3 0.4 0.8 1.1 1.3 0.3 0.5 

OTHER PRICES

Natural Gas Lower 48 Supply Price (2012$/Mcf) 0.2 0.3 0.4 0.2 0.1 0.2 0.3 0.8 1.0 1.2 0.3 0.4 

Northeast (2012$/Mcf) 0.2 0.2 0.2 0.2 (0.1) (0.2) (0.2) 0.7 0.8 0.9 0.2 0.3 Gulf Coast (2012$/Mcf) 0.2 0.3 0.5 0.2 0.1 0.3 0.5 0.8 1.0 1.3 0.2 0.4 West Coast (2012$/Mcf) 0.1 0.2 0.3 0.1 0.2 0.4 0.4 0.8 1.1 1.2 0.3 0.5 

Coal Minemouth Price (2012$/short‐ton) 0.1 0.1 0.1 0.0 (0.0) 0.0 (0.0) 0.2 0.2 0.2 0.1 0.2 End‐Use Electricity Price (2012 cents/Kwh) 0.1 0.1 0.1 0.1 0.0 0.1 0.1 0.3 0.4 0.4 0.1 0.2 

END‐USE ENERGY EXPENDITURES (B 2012$) 6.3 9.9 12.3 4.9 4.6 8.1 11.7 20.1 25.6 30.6 8.6 14.2 

liquids 2.0 2.7 2.8 0.8 2.5 3.1 4.7 2.4 2.8 3.2 1.9 2.6 

natural gas 2.3 3.8 5.1 2.3 1.3 2.9 4.1 9.3 11.8 14.2 3.5 5.7 electricity 2.0 3.4 4.4 1.9 0.8 2.2 2.9 8.4 11.0 13.2 3.2 5.9 coal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (0.0) (0.0) (0.0) 0.0 0.0 

END‐USE ENERGY CONSUMPTION (quadrillionBtu) (0.0) (0.1) (0.1) (0.3) (0.1) (0.1) (0.1) (0.3) (0.4) (0.4) (0.1) (0.2) 

ELECTRIC GENERATION (billion kWh) (4.3) (8.2) (10.0) (3.8) (4.5) (8.0) (10.3) (27.8) (35.4) (40.0) (7.0) (13.1) 

coal 28.3 34.3 44.9 11.6 20.6 29.0 36.6 28.3 28.2 29.5 21.5 22.9 

gas (35.8) (50.8) (63.2) (20.9) (37.0) (51.2) (64.3) (62.6) (74.7) (83.0) (36.7) (46.7) 

nuclear 0.0 0.0 0.0 0.1 (0.0) (0.0) (0.0) 0.2 3.5 3.7 (0.0) (0.2) 

renewables 3.0 8.2 8.1 5.4 11.8 14.3 17.4 6.2 7.6 9.7 8.1 10.9 other 0.1 0.1 0.1 0.0 0.1 (0.1) (0.1) 0.1 0.1 0.1 0.1 0.1 

PRIMARY ENERGY (quadrillion Btu)

Consumption 0.3 0.4 0.4 0.1 0.2 0.3 0.2 0.1 0.1 0.1 0.3 0.3 

liquids 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 

natural gas (0.0) (0.1) (0.2) (0.1) (0.2) (0.2) (0.3) (0.3) (0.4) (0.4) (0.1) (0.1) 

coal 0.3 0.4 0.5 0.1 0.2 0.3 0.4 0.3 0.3 0.3 0.2 0.2 

other 0.0 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.1 0.1 

Production 2.0 2.7 3.0 0.9 1.2 1.8 2.1 2.3 2.8 3.1 2.0 2.6 

ENERGY RELATED CO2 EMISSIONS (including

liquefaction) (million metric tons) 29 32 40 8 14 20 21 15 12 11 20 21 ECONOMIC INDICATORS

Gross Domestic Product

(B 2005 chain‐weighted $) 12 15 17 3 7 10 13 6 8 10 11 12 

Total industrial shipments (B 2005$) 11 11 9 0 1 0 (0) (9) (11) (11) 7 3 Non‐farm employment (millions) 000 0 000 000 00

Annual change in Consumer Price Index 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.1% 0.1% 0.1% 0.0% 0.0% 

Reference High Oil and Gas Resource Low Oil and Gas Resource High Macroeconomic Grow

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 
Table B6. Differential (%) from Base in U.S. Annual Average Values from 2015‐25 when Exports are Added

baseline 12 Bcf 16 Bcf 20 Bcf Alt 20 Bcf baseline 12 Bcf 16 Bcf 20 Bcf baseline 12 Bcf 16 Bcf 20 Bcf baseline 12 Bcf 16 Bcf 

NATURAL GAS VOLUMES (Tcf)

Net Exports 105.7% 144.2% 165.2% 51.1% 52.0% 81.1% 97.6% 321.7% 407.6% 453.6% 113.0% 152.0% 

gross imports 4.7% 5.0% 5.1% 1.6% 4.9% 5.4% 5.6% 7.9% 8.6% 9.2% 4.9% 5.6% 

gross exports 42.6% 57.2% 65.2% 20.2% 24.9% 37.6% 44.7% 70.2% 87.8% 97.4% 44.1% 58.7% 

Dry Production 5.3% 7.1% 8.0% 2.3% 2.7% 4.3% 5.0% 6.8% 8.7% 9.6% 5.2% 7.0% 

shale gas 8.9% 11.5% 12.8% 3.8% 4.5% 6.7% 7.1% 12.3% 15.5% 17.1% 8.5% 11.5% 

other 2.4% 3.4% 3.9% 1.1% 1.1% 2.2% 3.1% 2.7% 3.6% 4.1% 2.3% 3.1% 

Consumed Volumes (1) ‐0.2% ‐0.4% ‐0.6% ‐0.3% ‐0.5% ‐0.7% ‐1.1% ‐1.2% ‐1.4% ‐1.6% ‐0.2% ‐0.3% 

electric generators ‐2.8% ‐4.0% ‐5.0% ‐1.8% ‐2.5% ‐3.4% ‐4.6% ‐5.3% ‐6.4% ‐7.2% ‐2.7% ‐3.3% 

industrial ‐0.4% ‐0.6% ‐0.8% ‐0.3% ‐0.3% ‐0.6% ‐0.9% ‐1.5% ‐1.9% ‐2.2% ‐0.5% ‐0.9% 

liquefaction 98.2% 133.2% 152.7% 46.6% 49.3% 75.6% 90.3% 221.1% 276.9% 307.9% 103.6% 139.4% 

residential ‐0.3% ‐0.5% ‐0.6% ‐0.2% ‐0.3% ‐0.4% ‐0.5% ‐1.1% ‐1.3% ‐1.4% ‐0.4% ‐0.7% 

commercial ‐0.6% ‐0.9% ‐1.1% ‐0.4% ‐0.5% ‐0.7% ‐1.0% ‐2.0% ‐2.5% ‐2.8% ‐0.9% ‐1.3% 

other 4.4% 5.6% 6.1% 1.8% 2.0% 3.1% 3.5% 5.3% 6.5% 7.2% 4.3% 5.4% 

NATURAL GAS END‐USE PRICES (2012$/Mcf)

residential 1.8% 2.8% 3.7% 1.7% 1.5% 2.3% 3.5% 6.8% 8.6% 10.1% 2.7% 4.2% 

commercial 2.1% 3.3% 4.4% 2.0% 1.5% 2.3% 3.6% 8.0% 9.9% 11.7% 3.2% 4.9% 

industrial 3.2% 5.5% 7.5% 3.1% 2.6% 5.7% 8.0% 12.4% 16.1% 19.4% 4.8% 7.9% 

OTHER PRICES

Natural Gas Lower 48 Supply Price (2012$/Mcf) 3.7% 6.5% 8.9% 4.0% 2.3% 6.0% 9.0% 15.2% 19.9% 24.1% 5.7% 9.6% 

Northeast (2012$/Mcf) 3.6% 4.5% 5.6% 3.8% ‐2.7% ‐5.7% ‐5.9% 13.9% 14.9% 16.4% 5.7% 8.0% 

Gulf Coast (2012$/Mcf) 4.2% 7.7% 10.6% 4.5% 2.1% 7.7% 12.3% 15.0% 20.1% 25.1% 5.2% 9.7% 

West Coast (2012$/Mcf) 3.1% 5.2% 6.6% 2.7% 4.8% 8.6% 10.4% 14.6% 20.7% 23.6% 6.8% 10.1% 

Coal Minemouth Price (2012$/short‐ton) 0.2% 0.2% 0.2% 0.1% 0.0% 0.1% 0.0% 0.5% 0.5% 0.5% 0.3% 0.4% 

End‐Use Electricity Price (2012 cents/Kwh) 0.6% 1.1% 1.4% 0.6% 0.3% 0.7% 1.0% 2.8% 3.6% 4.3% 1.0% 1.9% 

END‐USE ENERGY EXPENDITURES (B 2012$) 0.5% 0.8% 1.0% 0.4% 0.4% 0.7% 0.9% 1.5% 1.9% 2.3% 0.6% 1.1% 

liquids 0.3% 0.4% 0.4% 0.1% 0.3% 0.4% 0.6% 0.3% 0.3% 0.4% 0.2% 0.3% natural gas 1.9% 3.2% 4.2% 1.9% 1.2% 2.6% 3.7% 7.3% 9.2% 11.1% 2.9% 4.6% electricity 0.5% 0.9% 1.2% 0.5% 0.2% 0.6% 0.8% 2.2% 2.8% 3.4% 0.8% 1.5% coal 0.3% 0.3% 0.3% 0.1% 0.2% 0.2% 0.2% ‐0.1% ‐0.2% ‐0.3% 0.1% 0.0% 

END‐USE ENERGY CONSUMPTION (quadrillionBtu) 0.0% ‐0.1% ‐0.2% ‐0.5% ‐0.1% ‐0.2% ‐0.2% ‐0.5% ‐0.6% ‐0.6% ‐0.1% ‐0.2% 

ELECTRIC GENERATION (billion kWh) ‐0.1% ‐0.2% ‐0.2% ‐0.1% ‐0.1% ‐0.2% ‐0.2% ‐0.6% ‐0.8% ‐0.9% ‐0.2% ‐0.3% 

coal 1.7% 2.1% 2.7% 0.7% 1.4% 1.9% 2.4% 1.7% 1.6% 1.7% 1.3% 1.4% 

gas ‐2.8% ‐4.0% ‐5.0% ‐1.6% ‐2.5% ‐3.5% ‐4.4% ‐5.5% ‐6.5% ‐7.2% ‐2.7% ‐3.4% 

nuclear 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.4% 0.5% 0.0% 0.0% 

renewables 0.5% 1.2% 1.2% 0.8% 1.8% 2.2% 2.7% 0.9% 1.1% 1.4% 1.2% 1.6% 

other 0.2% 0.3% 0.3% 0.1% 0.2% ‐0.3% ‐0.2% 0.2% 0.2% 0.2% 0.2% 0.3% 

PRIMARY ENERGY (quadrillion Btu)

Consumption 0.3% 0.4% 0.4% 0.1% 0.2% 0.2% 0.2% 0.1% 0.1% 0.1% 0.3% 0.3% 

liquids 0.1% 0.2% 0.2% 0.0% 0.0% 0.0% 0.0% 0.1% 0.1% 0.1% 0.1% 0.1% 

natural gas ‐0.2% ‐0.4% ‐0.6% ‐0.3% ‐0.5% ‐0.7% ‐1.1% ‐1.2% ‐1.4% ‐1.6% ‐0.2% ‐0.3% 

coal 1.6% 2.0% 2.6% 0.7% 1.3% 1.8% 2.2% 1.6% 1.6% 1.7% 1.2% 1.3% 

other 0.2% 0.5% 0.4% 0.3% 0.7% 0.8% 1.0% 0.4% 0.6% 0.8% 0.4% 0.6% 

Production 2.2% 2.9% 3.2% 1.0% 1.2% 1.8% 2.1% 2.5% 3.1% 3.4% 2.1% 2.7% 

ENERGY RELATED CO2 EMISSIONS (including

liquefaction) (million metric tons) 0.5% 0.6% 0.7% 0.2% 0.3% 0.4% 0.4% 0.3% 0.2% 0.2% 0.4% 0.4% 

ECONOMIC INDICATORS

Gross Domestic Product

(B 2005 chain‐weighted $) 0.1% 0.1% 0.1% 0.0% 0.0% 0.1% 0.1% 0.0% 0.1% 0.1% 0.1% 0.1% 

Total industrial shipments (B 2005$) 0.1% 0.1% 0.1% 0.0% 0.0% 0.0% 0.0% ‐0.1% ‐0.1% ‐0.1% 0.1% 0.0% 

Non‐farm employment (millions) 0.1% 0.1% 0.1% 0.0% 0.0% 0.1% 0.1% 0.0% 0.1% 0.1% 0.1% 0.1% 

Annual change in Consumer Price Index ‐0.2% 0.4% 1.3% 1.2% 0.3% 0.2% 1.4% 2.6% 3.6% 4.9% 0.0% 1.1% 

Reference High Oil and Gas Resource Low Oil and Gas Resource High Macroeconomic Grow

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 
baseline 12 Bcf 16 Bcf 20 Bcf Alt 20 Bcf baseline 12 Bcf 16 Bcf 20 Bcf baseline 12 Bcf 16 Bcf 20 Bcf baseline 12 Bcf 16 Bcf 

NATURAL GAS VOLUMES (Tcf)

Net Exports 5.1 6.6 8.0 9.3 9.3 7.2 6.4 7.7 9.1 2.6 5.1 6.3 7.4 4.7 6.5 7.9 

gross imports 2.0 2.2 2.1 2.1 2.1 2.2 2.3 2.1 2.1 2.7 3.0 3.1 3.2 2.1 2.2 2.2 

gross exports 7.1 8.8 10.1 11.4 11.4 9.4 8.7 9.9 11.2 5.3 8.1 9.4 10.6 6.8 8.8 10.0 

Dry Production 35.3 36.7 37.9 39.1 39.3 40.8 40.0 41.4 42.7 28.7 30.7 31.7 32.6 36.9 38.5 39.7 

shale gas 18.0 19.0 19.9 20.9 20.8 23.3 22.9 22.7 23.4 12.6 13.9 14.6 15.2 19.1 20.3 21.2 

other 17.3 17.6 17.9 18.3 18.5 17.5 17.1 18.7 19.3 16.2 16.8 17.1 17.4 17.8 18.2 18.5 

Consumed Volumes (1) 30.0 29.9 29.8 29.7 29.8 33.5 33.4 33.5 33.5 26.0 25.5 25.3 25.2 32.1 31.8 31.7 

electric generators 10.4 10.1 9.9 9.7 9.8 12.8 12.9 12.8 12.6 7.8 7.2 6.9 6.6 11.4 11.0 10.7 industrial 8.6 8.5 8.5 8.5 8.5 8.9 8.9 8.8 8.8 8.2 8.0 8.0 8.0 9.2 9.1 9.1 liquefaction 0.3 0.5 0.7 0.8 0.8 0.5 0.4 0.6 0.7 0.2 0.5 0.7 0.8 0.3 0.5 0.7 

residential 4.3 4.2 4.2 4.2 4.2 4.4 4.4 4.4 4.4 4.1 4.1 4.1 4.1 4.5 4.5 4.5 commercial 3.4 3.3 3.3 3.3 3.3 3.5 3.5 3.5 3.5 3.2 3.1 3.1 3.1 3.4 3.4 3.4 other 3.1 3.1 3.2 3.2 3.2 3.4 3.3 3.4 3.5 2.5 2.6 2.6 2.7 3.3 3.3 3.4 

NATURAL GAS END‐USE PRICES (2012$/Mcf)

residential 14.5 14.8 15.0 15.3 15.2 12.7 12.7 12.7 12.8 17.1 17.9 18.3 18.5 15.1 15.4 15.6 commercial 11.9 12.2 12.4 12.7 12.6 10.1 10.0 10.1 10.1 14.6 15.4 15.7 16.0 12.3 12.7 12.9 industrial 7.6 7.9 8.1 8.3 8.3 5.7 5.6 5.7 5.8 10.0 10.7 11.1 11.4 7.9 8.3 8.4 

OTHER PRICES

Natural Gas Lower 48 Supply Price (2012$/Mcf) 6.2 6.5 6.7 6.9 6.9 4.4 4.3 4.3 4.4 8.6 9.3 9.6 9.9 6.5 6.8 7.0 

Northeast (2012$/Mcf) 6.6 7.0 7.1 7.4 7.2 5.1 5.0 4.9 4.9 9.9 10.8 11.1 11.1 7.1 7.4 7.6 Gulf Coast (2012$/Mcf) 6.3 6.5 6.7 6.9 6.9 4.2 4.1 4.2 4.3 8.5 9.2 9.6 9.9 6.6 6.9 7.0 West Coast (2012$/Mcf) 6.3 6.7 6.8 7.0 7.0 4.6 4.6 4.6 4.7 8.4 8.9 9.2 9.5 6.6 6.9 7.1 

Coal Minemouth Price (2012$/short‐ton) 54.8 54.9 54.9 54.8 54.9 53.9 53.9 54.0 53.9 55.1 55.0 55.0 55.0 55.7 55.7 55.7 End‐Use Electricity Price (2012 cents/Kwh) 10.6 10.8 10.8 10.9 10.9 9.8 9.8 9.8 9.8 11.6 11.9 12.0 12.1 10.9 11.0 11.1 

END‐USE ENERGY EXPENDITURES (B 2012$) 1,496.6 1,507.9 1,513.2 1,519.6 1,517.7 1,393.3 1,392.4 1,391.5 1,392.6 1,562.0 1,578.9 1,585.5 1,591.4 1,629.5 1,642.2 1,648.7 

liquids 889.5 893.0 893.8 894.6 893.5 834.3 834.4 834.0 832.8 899.9 902.2 902.9 903.9 962.1 966.7 967.3 

natural gas 155.9 158.8 160.9 163.3 163.1 131.9 131.0 130.8 132.0 181.7 188.6 191.6 194.4 171.9 175.4 177.4 electricity 442.7 447.4 449.8 453.1 452.5 418.6 418.5 418.1 419.2 471.8 479.5 482.5 484.7 485.2 489.8 493.5 coal 8.6 8.7 8.7 8.7 8.6 8.5 8.5 8.5 8.5 8.6 8.5 8.5 8.5 10.3 10.4 10.3 

END‐USE ENERGY CONSUMPTION (quadrillion

Btu) 66.0 65.9 65.8 65.7 65.6 68.3 68.2 68.1 68.0 64.3 64.0 63.9 63.8 70.2 70.1 70.0 ELECTRIC GENERATION (billion kWh) 4,933.7 4,922.8 4,912.1 4,904.0 4,901.6 5,071.8 5,079.6 5,070.2 5,065.6 4,790.9 4,756.4 4,744.4 4,733.5 5,284.0 5,272.0 5,261.3 

coal 1,686.4 1,703.5 1,708.3 1,718.9 1,699.4 1,533.9 1,531.9 1,535.7 1,548.5 1,756.0 1,777.2 1,772.9 1,775.4 1,736.7 1,745.3 1,747.7 

gas 1,641.4 1,595.8 1,561.0 1,530.5 1,549.7 1,986.9 1,987.6 1,973.1 1,950.1 1,240.1 1,136.1 1,090.9 1,047.7 1,813.3 1,749.8 1,709.0 

nuclear 787.3 793.6 804.3 809.6 807.4 779.3 779.3 779.3 779.3 871.1 891.5 938.3 942.9 827.5 843.3 857.4 

renewables 776.2 787.4 796.0 802.5 802.7 729.7 738.9 740.3 745.8 881.2 909.0 899.7 925.0 863.5 890.6 904.2 other 42.4 42.5 42.5 42.5 42.4 41.9 41.8 41.8 41.9 42.5 42.6 42.5 42.5 43.1 43.1 43.1 

PRIMARY ENERGY (quadrillion Btu)

Consumption 104.1 104.4 104.5 104.7 104.6 101.3 101.5 101.5 101.5 100.1 100.2 100.2 100.2 103.0 103.3 103.3 

liquids 35.6 35.7 35.7 35.7 35.7 37.0 37.0 37.0 37.0 36.6 36.6 36.6 36.6 37.5 37.6 37.6 

natural gas 30.7 30.5 30.4 30.3 30.5 29.6 29.4 29.4 29.2 26.3 26.0 25.9 25.9 28.6 28.5 28.5 coal 18.9 19.1 19.2 19.3 19.1 17.2 17.4 17.5 17.6 19.3 19.6 19.6 19.6 19.0 19.3 19.3 other 18.9 19.1 19.3 19.4 19.4 17.4 17.6 17.6 17.6 17.9 18.0 18.1 18.1 17.8 17.9 17.9 

Production 99.9 101.8 103.4 104.9 104.8 98.9 100.1 100.7 101.0 90.6 92.8 93.4 93.7 95.0 97.0 97.6 

ENERGY RELATED CO2 EMISSIONS (including

liquefaction) (million metric tons) 5,547 5,562 5,562 5,571 5,556 5,464 5,477 5,483 5,485 5,462 5,477 5,474 5,473 5,614 5,634 5,635 ECONOMIC INDICATORS

Gross Domestic Product

(B 2005 chain‐weighted $) 22,778 22,792 22,806 22,820 22,815 22,993 22,990 23,003 23,016 22,670 22,694 22,704 22,711 24,674 24,690 24,707 

Total industrial shipments (B 2005$) 9,967 9,984 9,989 9,991 9,979 10,339 10,342 10,338 10,334 9,749 9,754 9,753 9,749 11,388 11,406 11,409 

Non‐farm employment (millions) 162 162 162 162 162 162 162 162 163 161 161 161 161 170 170 170 

Annual change in Consumer Price Index 2.3% 2.3% 2.3% 2.3% 2.3% 2.2% 2.2% 2.2% 2.1% 2.3% 2.3% 2.3% 2.3% 2.0% 2.0% 2.0% 

Table B7. U.S. Annual Averages Values from 2026‐40

Reference High Oil and Gas Resource Low Oil and Gas Resource High Macroeconomic Grow

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 
Table B8. Differential from Base in U.S. Annual Average Values from 2026‐40 when Exports are Added

baseline 12 Bcf 16 Bcf 20 Bcf Alt 20 Bcf baseline 12 Bcf 16 Bcf 20 Bcf baseline 12 Bcf 16 Bcf 20 Bcf baseline 12 Bcf 16 Bcf 

NATURAL GAS VOLUMES (Tcf)

Net Exports 1.5 2.8 4.2 4.2 (0.8) 0.6 1.9 2.4 3.6 4.7 1.8 3.2 

gross imports 0.2 0.1 0.1 0.1 0.1 (0.1) (0.1) 0.4 0.4 0.6 0.1 0.1 

gross exports 1.7 3.0 4.3 4.3 (0.7) 0.5 1.8 2.8 4.1 5.3 2.0 3.3 

Dry Production 1.4 2.6 3.9 4.0 (0.8) 0.6 1.9 1.9 3.0 3.9 1.6 2.8 

shale gas 1.1 2.0 2.9 2.9 (0.4) (0.6) 0.1 1.3 2.0 2.6 1.2 2.1 

other 0.3 0.6 0.9 1.1 (0.5) 1.2 1.8 0.6 1.0 1.3 0.4 0.7 

Consumed Volumes (1) (0.1) (0.3) (0.3) (0.2) (0.1) 0.0 (0.0) (0.5) (0.7) (0.8) (0.2) (0.4) 

electric generators (0.3) (0.5) (0.7) (0.6) 0.1 0.0 (0.2) (0.6) (0.9) (1.2) (0.4) (0.7) 

industrial (0.0) (0.1) (0.1) (0.1) (0.0) (0.1) (0.1) (0.1) (0.2) (0.2) (0.1) (0.1) liquefaction 0.2 0.3 0.5 0.5 (0.1) 0.1 0.2 0.3 0.5 0.6 0.2 0.4 

residential (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.0) (0.1) (0.1) (0.0) (0.0) 

commercial (0.0) (0.0) (0.1) (0.1) 0.0 (0.0) (0.0) (0.1) (0.1) (0.1) (0.0) (0.0) 

other 0.1 0.1 0.1 0.2 (0.1) (0.0) 0.1 0.1 0.1 0.2 0.1 0.1 

NATURAL GAS END‐USE PRICES (2012$/Mcf)

residential 0.3 0.5 0.8 0.8 0.0 0.1 0.1 0.8 1.1 1.4 0.4 0.6 commercial 0.3 0.5 0.8 0.7 (0.0) (0.0) 0.1 0.8 1.1 1.4 0.3 0.5 industrial 0.3 0.5 0.7 0.7 (0.0) (0.0) 0.1 0.7 1.0 1.3 0.3 0.5 

OTHER PRICES

Natural Gas Lower 48 Supply Price (2012$/Mcf) 0.3 0.5 0.7 0.7 (0.1) (0.1) (0.0) 0.7 1.0 1.3 0.3 0.5 

Northeast (2012$/Mcf) 0.3 0.5 0.7 0.6 (0.2) (0.3) (0.2) 0.9 1.1 1.2 0.3 0.5 Gulf Coast (2012$/Mcf) 0.2 0.4 0.6 0.7 (0.0) 0.0 0.1 0.7 1.1 1.4 0.3 0.5 West Coast (2012$/Mcf) 0.4 0.5 0.7 0.7 0.0 0.1 0.2 0.5 0.9 1.1 0.3 0.5 

Coal Minemouth Price (2012$/short‐ton) 0.1 0.1 0.0 0.1 (0.1) 0.0 0.0 (0.1) (0.0) (0.1) 0.0 0.0 End‐Use Electricity Price (2012 cents/Kwh) 0.1 0.2 0.3 0.3 (0.0) (0.0) 0.0 0.3 0.4 0.4 0.1 0.2 

END‐USE ENERGY EXPENDITURES (B 2012$) 11.3 16.6 23.0 21.1 (0.9) (1.8) (0.7) 16.8 23.4 29.4 12.7 19.1 

liquids 3.5 4.3 5.1 4.0 0.1 (0.4) (1.5) 2.3 2.9 3.9 4.7 5.3 

natural gas 3.0 5.0 7.4 7.2 (0.9) (1.0) 0.1 6.9 9.9 12.6 3.4 5.5 

electricity 4.7 7.2 10.4 9.8 (0.1) (0.4) 0.7 7.7 10.7 12.9 4.6 8.3 

coal 0.0 0.0 0.0 0.0 0.0 0.0 0.0 (0.0) (0.0) (0.1) 0.0 0.0 

END‐USE ENERGY CONSUMPTION (quadrillionBtu) (0.1) (0.1) (0.2) (0.4) (0.1) (0.2) (0.3) (0.3) (0.4) (0.5) (0.1) (0.2) 

ELECTRIC GENERATION (billion kWh) (10.9) (21.6) (29.7) (32.1) 7.8 (1.6) (6.2) (34.5) (46.6) (57.5) (12.0) (22.7) 

coal 17.1 21.9 32.5 13.0 (1.9) 1.8 14.6 21.2 16.9 19.3 8.6 11.1 

gas (45.5) (80.4) (110.9) (91.7) 0.7 (13.8) (36.8) (104.0) (149.2) (192.3) (63.5) (104.4) 

nuclear 6.3 17.0 22.3 20.1 (0.0) 0.0 0.0 20.5 67.2 71.8 15.8 29.9 

renewables 11.1 19.8 26.3 26.5 9.1 10.6 16.0 27.8 18.4 43.8 27.2 40.7 

other 0.1 0.1 0.1 0.0 (0.1) (0.1) 0.0 0.0 (0.0) (0.0) 0.0 0.0 

PRIMARY ENERGY (quadrillion Btu)

Consumption 0.3 0.5 0.7 0.5 0.2 0.3 0.2 0.1 0.1 0.1 0.3 0.3 

liquids 0.1 0.1 0.2 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 

natural gas (0.1) (0.3) (0.3) (0.2) (0.2) (0.2) (0.3) (0.3) (0.4) (0.4) (0.1) (0.1) 

coal 0.2 0.2 0.3 0.1 0.2 0.3 0.4 0.3 0.3 0.3 0.2 0.2 

other 0.2 0.4 0.5 0.5 0.1 0.1 0.2 0.1 0.1 0.1 0.1 0.1 

Production 1.9 3.4 5.0 4.9 1.2 1.8 2.1 2.3 2.8 3.1 2.0 2.6 

ENERGY RELATED CO2 EMISSIONS (including

liquefaction) (million metric tons) 15 15 24 9 14 20 21 15 12 11 20 21 ECONOMIC INDICATORS

Gross Domestic Product

(B 2005 chain‐weighted $) 15 29 42 38 (3) 10 23 24 34 42 16 32 

Total industrial shipments (B 2005$) 17 22 24 12 3 (1) (5) 5 4 0 18 22 Non‐farm employment (millions) 0 0 0 0 (0) 0 0 0 0 0 0 0 

Annual change in Consumer Price Index 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% ‐0.1% 0.0% 0.0% 

Reference High Oil and Gas Resource Low Oil and Gas Resource High Macroeconomic Grow

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 
Table B9. Differential (%) from Base in U.S. Annual Average Values from 2026‐40 when Exports are Added

baseline 12 Bcf 16 Bcf 20 Bcf Alt 20 Bcf baseline 12 Bcf 16 Bcf 20 Bcf baseline 12 Bcf 16 Bcf 20 Bcf baseline 12 Bcf 16 Bcf 

NATURAL GAS VOLUMES (Tcf)

Net Exports 29.1% 55.4% 81.5% 81.6% ‐10.7% 8.2% 26.9% 91.6% 138.2% 179.7% 39.5% 67.9% 

gross imports 9.3% 7.6% 5.6% 6.4% 3.2% ‐4.4% ‐6.3% 14.3% 15.7% 22.3% 6.8% 3.5% 

gross exports 23.6% 42.1% 60.5% 60.8% ‐7.4% 5.2% 19.1% 52.8% 76.7% 100.7% 29.4% 48.1% 

Dry Production 3.9% 7.4% 10.9% 11.3% ‐2.1% 1.4% 4.6% 6.8% 10.4% 13.6% 4.4% 7.6% 

shale gas 5.9% 11.0% 16.3% 15.9% ‐1.7% ‐2.6% 0.5% 10.5% 16.0% 20.8% 6.5% 11.0% 

other 1.8% 3.5% 5.4% 6.6% ‐2.6% 6.8% 10.1% 3.8% 6.0% 7.9% 2.1% 3.9% 

Consumed Volumes (1) ‐0.4% ‐0.8% ‐1.1% ‐0.6% ‐0.2% 0.0% ‐0.1% ‐1.8% ‐2.5% ‐3.2% ‐0.7% ‐1.2% 

electric generators ‐2.6% ‐5.0% ‐6.8% ‐5.8% 0.7% 0.0% ‐1.4% ‐8.2% ‐11.9% ‐15.6% ‐3.5% ‐5.9% 

industrial ‐0.5% ‐0.9% ‐1.4% ‐1.3% ‐0.4% ‐0.8% ‐1.1% ‐1.6% ‐2.1% ‐2.7% ‐0.6% ‐1.1% 

liquefaction 48.7% 91.3% 133.9% 132.0% ‐14.3% 14.3% 42.9% 148.0% 218.0% 288.1% 66.1% 113.3% 

residential ‐0.4% ‐0.6% ‐0.9% ‐0.9% 0.0% ‐0.1% ‐0.2% ‐1.0% ‐1.4% ‐1.7% ‐0.5% ‐0.7% 

commercial ‐0.7% ‐1.2% ‐1.7% ‐1.7% 0.1% ‐0.1% ‐0.4% ‐1.7% ‐2.3% ‐2.9% ‐0.9% ‐1.2% 

other 1.8% 3.2% 4.6% 5.4% ‐2.0% ‐0.1% 1.7% 3.6% 5.0% 6.8% 2.0% 3.5% 

NATURAL GAS END‐USE PRICES (2012$/Mcf)

residential 2.3% 3.7% 5.4% 5.2% 0.1% 0.5% 1.1% 4.7% 6.7% 8.3% 2.4% 3.8% 

commercial 2.7% 4.4% 6.4% 6.2% ‐0.3% 0.0% 0.7% 5.5% 7.7% 9.4% 2.8% 4.5% industrial 3.9% 6.5% 9.5% 9.3% ‐0.9% ‐0.3% 1.9% 7.1% 10.3% 13.3% 4.1% 6.4% 

OTHER PRICES

Natural Gas Lower 48 Supply Price (2012$/Mcf) 4.6% 7.9% 11.4% 10.9% ‐2.5% ‐2.3% ‐0.3% 8.3% 11.9% 15.2% 4.6% 7.5% 

Northeast (2012$/Mcf) 4.8% 7.6% 10.9% 9.0% ‐3.3% ‐5.0% ‐4.5% 8.8% 11.3% 11.8% 4.1% 7.2% Gulf Coast (2012$/Mcf) 3.7% 6.8% 10.2% 10.8% ‐0.6% 0.5% 2.9% 8.1% 12.4% 16.3% 4.6% 7.4% West Coast (2012$/Mcf) 5.6% 7.9% 11.4% 11.2% 1.0% 1.7% 3.9% 6.4% 10.3% 13.6% 4.9% 7.0% 

Coal Minemouth Price (2012$/short‐ton) 0.2% 0.2% 0.1% 0.2% ‐0.1% 0.1% 0.0% ‐0.1% ‐0.1% ‐0.1% 0.0% 0.0% 

End‐Use Electricity Price (2012 cents/Kwh) 1.3% 2.0% 2.9% 2.8% ‐0.1% ‐0.2% 0.3% 2.2% 3.0% 3.7% 1.1% 2.2% 

END‐USE ENERGY EXPENDITURES (B 2012$) 0.8% 1.1% 1.5% 1.4% ‐0.1% ‐0.1% ‐0.1% 1.1% 1.5% 1.9% 0.8% 1.2% 

liquids 0.4% 0.5% 0.6% 0.4% 0.0% 0.0% ‐0.2% 0.3% 0.3% 0.4% 0.5% 0.5% natural gas 1.9% 3.2% 4.7% 4.6% ‐0.7% ‐0.8% 0.1% 3.8% 5.4% 7.0% 2.0% 3.2% electricity 1.1% 1.6% 2.4% 2.2% 0.0% ‐0.1% 0.2% 1.6% 2.3% 2.7% 0.9% 1.7% coal 0.5% 0.4% 0.3% 0.0% 0.2% 0.2% 0.1% ‐0.4% ‐0.5% ‐0.7% 0.3% 0.1% 

END‐USE ENERGY CONSUMPTION (quadrillionBtu) ‐0.1% ‐0.2% ‐0.3% ‐0.5% ‐0.1% ‐0.3% ‐0.4% ‐0.4% ‐0.6% ‐0.7% ‐0.1% ‐0.3% 

ELECTRIC GENERATION (billion kWh) ‐0.2% ‐0.4% ‐0.6% ‐0.7% 0.2% 0.0% ‐0.1% ‐0.7% ‐1.0% ‐1.2% ‐0.2% ‐0.4% 

coal 1.0% 1.3% 1.9% 0.8% ‐0.1% 0.1% 0.9% 1.2% 1.0% 1.1% 0.5% 0.6% 

gas ‐2.8% ‐4.9% ‐6.8% ‐5.6% 0.0% ‐0.7% ‐1.9% ‐8.4% ‐12.0% ‐15.5% ‐3.5% ‐5.8% 

nuclear 0.8% 2.2% 2.8% 2.5% 0.0% 0.0% 0.0% 2.3% 7.7% 8.2% 1.9% 3.6% 

renewables 1.4% 2.5% 3.4% 3.4% 1.3% 1.4% 2.2% 3.2% 2.1% 5.0% 3.1% 4.7% 

other 0.2% 0.2% 0.3% 0.1% ‐0.2% ‐0.3% 0.0% 0.1% 0.0% 0.0% 0.0% 0.1% 

PRIMARY ENERGY (quadrillion Btu)

Consumption 0.3% 0.5% 0.6% 0.5% 0.2% 0.2% 0.2% 0.1% 0.1% 0.1% 0.3% 0.3% 

liquids 0.3% 0.4% 0.5% 0.3% 0.0% 0.0% 0.0% 0.1% 0.1% 0.1% 0.1% 0.1% 

natural gas ‐0.4% ‐0.8% ‐1.1% ‐0.6% ‐0.5% ‐0.7% ‐1.1% ‐1.2% ‐1.4% ‐1.6% ‐0.2% ‐0.3% 

coal 1.0% 1.2% 1.8% 0.7% 1.3% 1.8% 2.2% 1.6% 1.6% 1.7% 1.2% 1.3% 

other 0.9% 1.9% 2.6% 2.5% 0.7% 0.8% 1.0% 0.4% 0.6% 0.8% 0.4% 0.6% 

Production 1.9% 3.4% 5.0% 4.9% 1.2% 1.8% 2.1% 2.5% 3.1% 3.4% 2.1% 2.7% 

ENERGY RELATED CO2 EMISSIONS (including

liquefaction) (million metric tons) 0.3% 0.3% 0.4% 0.2% 0.3% 0.4% 0.4% 0.3% 0.2% 0.2% 0.4% 0.4% 

ECONOMIC INDICATORS

Gross Domestic Product

(B 2005 chain‐weighted $) 0.1% 0.1% 0.2% 0.2% 0.0% 0.0% 0.1% 0.1% 0.1% 0.2% 0.1% 0.1% 

Total industrial shipments (B 2005$) 0.2% 0.2% 0.2% 0.1% 0.0% 0.0% ‐0.1% 0.1% 0.0% 0.0% 0.2% 0.2% Non‐farm employment (millions) 0.1% 0.1% 0.2% 0.1% 0.0% 0.0% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% Annual change in Consumer Price Index 0.2% 0.1% ‐0.1% ‐0.2% ‐0.2% ‐0.8% ‐1.8% ‐1.7% ‐1.8% ‐2.4% 0.3% ‐0.1% 

Reference High Oil and Gas Resource Low Oil and Gas Resource High Macroeconomic Grow

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 
October 2014

U.S. Energy Information Administration | Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Markets 40

FOOTNOTE

(1) Total natural gas consumption. Liquefaction includes natural gas consumed in the export 

liquefaction facility. Other includes natural gas used in the transportation sector, for pipeline fuel, and 

for lease and plant fuel.

Projections: EIA, Annual Energy Outlook 2014 National Energy Modeling System runs refaeo.d062614a, 

ref12.d080214a, ref16.d080214a, ref20.d080214a, ref20p.d100614a, hmacaeo.d072014a, 

hmac12.d080214a, hmac16.d080214a, hmac20.d080614a, rclncaeonclgn.d090914a, 

rclnc12nclgn.d090914a, rclnc16nclgn.d090914a, rclnc20nclgn.d090914a, lresaeo.d071414a, 

lres12.d073114a, lres16.d080614a, lres20.d080214a, hresaeo.d062614a, hres12.d073114a, 

hres16.d080614a, hres20.d080614a