America’s Energy Advantage (AEA) today released an analysis of a recent American Petroleum Institute (API) study of LNG exports. The analysis of the API report by energy experts at Charles River Associates (CRA) identified several issues that, in the opinion of AEA, overstate the benefits of unchecked LNG exports. Attached and below is a summary of the findings that America’s Energy Advantage has distilled from CRA’s review.
Statement of America’s Energy Advantage on the Analysis of the API study
“The analysis of the recent study of LNG exports by The American Petroleum Institute (API) shows that API uses overly optimistic assumptions to reach a conclusion that is highly suspect. The stakes in this debate are too high for analysis based on overly optimistic assumptions.
This critical national debate must be guided by hard data and realistic projections. Unchecked LNG exports to non-FTA nations could cause massive price instability and supply shocks that would harm U.S. manufacturers and consumers. The findings in this new analysis are further proof that policymakers must proceed carefully and deliberately to ensure that the public interest is served.”