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Will U.S. LNG industry add $1.3 trillion to the economy by end of 2030?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Economic reports from S&P Global or U.S. Bureau of Economic Analysis
Story
Trump Vows to Lift Restrictions, Poised to Boost U.S. LNG Industry by $1.3 Trillion with Capacity Expected to Double
Jan 14, 2025, 11:54 AM
The U.S. liquefied natural gas (LNG) industry is set for expansion following President-elect Donald Trump's commitment to lift restrictions on export terminals. This move is expected to turbocharge the industry, potentially adding $1.3 trillion to the U.S. economy over the next five years, according to S&P. The capacity for LNG exports is anticipated to double as new export facilities and pipelines are constructed, particularly in the Gulf of Mexico. Analysts suggest that this ramp-up in LNG exports could play a crucial role in the broader energy strategy of the Trump administration, leveraging America's abundant natural gas resources to enhance economic growth and support domestic manufacturing.
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