TXOGA Challenges LNG Pause: What It Means for Energy, Economy, and Texas
Texas leaders respond to DOE’s findings on LNG exports with calls for action
Jo-Carolyn Goode | 12/18/2024, 12:41 p.m.
The energy conversation in Texas is heating up as the Texas Oil & Gas Association (TXOGA) takes aim at the Biden Administration’s pause on new LNG export approvals, following the U.S. Department of Energy’s (DOE) latest report. And let’s be clear: Texas isn’t holding back.
“The DOE’s latest report affirms what we’ve known for years: U.S. LNG exports are vital to global energy security and economic growth,” says Todd Staples, TXOGA President. “Pausing new export approvals undermines our ability to meet international energy needs and weakens U.S. economic and environmental progress.”
Energy Impact: Global Demand, Local Growth
The DOE report underscores the booming energy demand in developing economies, especially across Asia Pacific. Here, coal remains king, and cleaner alternatives like U.S. liquefied natural gas (LNG) represent a golden opportunity. Staples highlights this point, noting that energy demand overseas continues to rise while U.S. natural gas prices remain at historic lows in 2024.
Contrary to fears of rising domestic prices, independent studies—including TXOGA’s own analysis by Chief Economist Dr. Dean Foreman—paint a different picture. LNG exports, according to Foreman, haven’t caused sustained price spikes at home. Instead, they’ve spurred new production and innovation, bolstering the U.S. economy and keeping natural gas affordable domestically.
“We’re not just exporting energy—we’re exporting reliability, security, and progress,” Staples adds. “Texas has always led the charge, and now more than ever, we need policies that reflect our leadership role in the global energy market.”
Environmental and Economic Wins
Beyond boosting the economy, LNG exports play a critical role in advancing environmental goals worldwide. By providing cleaner-burning fuel alternatives, U.S. LNG helps nations reduce their reliance on coal—a win for air quality and carbon emissions.
Locally, the LNG industry supports thousands of Texas jobs, fuels infrastructure development, and strengthens the state’s position as a global energy powerhouse. With the DOE report echoing the market potential of LNG exports, energy leaders argue that restricting approvals stalls growth and hampers progress.
TXOGA’s Call to Action
TXOGA isn’t just talking—they’re taking action. Since January’s export permit pause, TXOGA has been vocal in its opposition. From joining forces with other trade associations and testifying before Texas lawmakers to releasing hard-hitting economic analyses, their message is clear: lift the pause.
“This isn’t just a Texas issue—it’s a national and global one,” Staples emphasizes. “The U.S. must remain a reliable energy provider for our allies and our economy. It’s time for action.”
What’s Next?
As the debate unfolds, all eyes are on the Biden Administration’s next move. Will they heed calls to lift the LNG export pause and allow Texas’ energy industry to thrive? One thing’s for sure: the Lone Star State isn’t backing down.
For the latest updates on Texas energy and TXOGA’s initiatives, visit www.txoga.org. Follow @TXOGA on Facebook and Twitter for real-time news and insights.
Texas energy fuels the world—and Texas isn’t stopping anytime soon.