S&P: LNG exports to 2040 will increase US GDP by $1.4 trillion.

According to a study by S&P Global Energy, liquefied natural gas is expected to become the second largest net export industry in the United States within five years, contributing nearly $1.4 trillion to the U.S. GDP by 2040. With the construction of new LNG plants driving capacity growth, the United States is projected to become the first country to export over 100 million metric tons of LNG in a single year by 2025. The S&P study estimates that the overall investment in the U.S. LNG supply chain will exceed $1 trillion by 2040. Following the lifting of the LNG export moratorium last year, related capital investments are expected to significantly increase. The study predicts that LNG exports will generate $2.9 trillion in revenue, $206 billion in tax revenue, and nearly $630 billion in labor income. It is estimated that the average household natural gas cost in the United States will increase by 1.6% from 2026 to 2031. Export growth will drive the demand for natural gas to double, reaching 36 billion cubic feet per day by 2031.