USLNG Pause: Five Key Data Points

Making Sense of USLNG Pause Data
Morgan Bazilian, Greg Clough, and Simon Lomax (Apr. 09): Here are the five key data points to make sense of the USLNG pause:

1. $1.50: This was the daily price for 1,000 cubic feet – or 1 million British thermal units – of natural gas on Feb. 20. EIA lists this as “the lowest price in inflation-adjusted dollars since at least 1997.”
2. 50%: This is the increase in methane emissions when Russian natural gas is used instead of U.S. natural gas, according to the IEA 2023 methane tracker.
3. 4%: This is an estimated methane leakage rate that would make LNG and pipeline gas no better for the climate than coal.
4. 2.3%: This is the average methane intensity of U.S. natural gas production, referenced in the White House Methane Action Plan of Nov. 2022. This number is based on 2015 data and does not account for efficiency increases or regulatory increases
5. 0.2%: This is the new methane intensity benchmark for U.S. natural gas production that is currently being implemented by the Biden administration. It is also emerging as a new global standard.

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