NAM Member Testifies on Benefits of LNG Exports

By April 9, 2014Economy, Energy

LNG exports will create jobs and create a positive ripple effect throughout the manufacturing supply chain. That was the message today from Chart Industries Vice President and Secretary Matt Klaben at a House Ways and Means hearing focused on the trade implications of U.S. energy policy and the export of liquefied natural gas (LNG).

Klaben addressed the importance of free trade and open markets over market-distorting barriers to trade. He also highlighted Chart’s story of job creation and the type of advanced manufacturing that would take place across the country if these terminals are approved. Below are excerpts from Mr. Klaben’s testimony:

For manufacturers, natural gas is a critical component of an “all-of-the-above” energy strategy that embraces all forms of domestic energy production, including oil, gas, coal, nuclear, energy efficiency, alternative fuels and renewable energy sources…

Chart’s participation in the LNG value chain has put us in a position to create many good-paying jobs in communities across the U.S. In recent years, we have invested tens of millions of dollars to expand our facilities in various American communities to be prepared for these opportunities…

If Chart is selected to supply equipment for just one average-sized export terminal, it would support hundreds of jobs at Chart facilities, and further hundreds of jobs with Chart suppliers in other communities around the U.S…

Chart and its suppliers are not alone—we represent just a small part of the LNG value chain and the total work needed. Each LNG export terminal costs roughly $10 billion to construct. Each project would create thousands (and in some cases tens of thousands) of jobs and generate billions of dollars in economic benefits. Manufacturers across the country would create jobs making compressors, heat exchangers, storage tanks, pipes, valves and other components of these state-of-the-art infrastructure projects.

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