skip to main content
skip to newscasts

Saturday, March 15, 2025

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Second federal judge orders temporary reinstatement of thousands of probationary employees fired by the Trump administration; U.S., Canada political tension could affect Maine summer tourism; Report: Incarceration rates rise in MS, U.S. despite efforts at reform; MI study: HBCU students show better mental health, despite challenges.

view newscast page
play newscast audioPlay

Trump administration faces legal battles on birthright citizenship; the arrest of a Palestinian activist sparks protests over free speech. Conservationists voice concerns about federal job cuts impacting public lands, and Ohio invests in child wellness initiatives.

view newscast page
play newscast audioPlay

Farmers worry promised federal reimbursements aren't coming while fears mount that the Trump administration's efforts to raise cash means the sale of public lands, and rural America's shortage of doctors has many physicians skipping retirement.

Decreased demand for liquefied natural gas could impact TX economy

play audio
Play

Tuesday, June 4, 2024   

Workers in the oil and gas industry are warily monitoring the supply and demand of liquefied natural gas, or LNG. Texas is one of the largest producers of LNG in the country and a report from the nonprofit Institute for Energy Economics and Financial Analysis shows while there is a surplus of the fuel, demand for the product is declining.

Sam Reynolds, research lead for the Institute for Energy Economics and Financial Analysis and report co-author, said current and future operations in the Lone Star State could be adversely impacted.

"There are currently five LNG projects under construction primarily in Texas and Louisiana. You've got the Golden Pass LNG facility, the Rio Grande LNG facility, Port Author in Texas as well as the Corpus Christi LNG facility," he explained.

The Texas oil and gas industry pumps more than $26 million in state and local taxes into the state's economy annually.

Because of the decrease in demand for liquefied natural gas, the Biden administration has paused new LNG export projects that are not already under construction to assess the impact on the international market. Reynolds said the demand for the fuel started declining following Russia's invasion of Ukraine in 2022.

"Prices for LNG skyrocketed, globally. LNG became one of the most expensive fuels available," he continued. "And as a result, countries in Europe, countries in northeast Asia really strengthened their or accelerated measures to reduce their dependence on LNG. "

The United States started its first LNG export terminal in 2016 and is now the world's largest supplier of the fuel, followed by Qatar and Australia.

Disclosure: Institute for Energy Economics and Financial Analysis contributes to our fund for reporting on Budget Policy & Priorities, Energy Policy, Environment, Urban Planning/Transportation. If you would like to help support news in the public interest, click here.


get more stories like this via email
more stories
According to Wisconsin's Judicial Code of Conduct, judges are not required to recuse themselves based on an endorsement or campaign contributions. (Adobe Stock)

Social Issues

play sound

Early voting for the Wisconsin Supreme Court race starts next week and, although the seat is technically nonpartisan, both candidates have clear …


Environment

play sound

As the warming climate continues to reshape the environment, its impact on people's health is becoming increasingly evident in Florida. Doctors and …

Health and Wellness

play sound

Maryland is facing a $3 billion budget deficit, and planned cuts in 2026 would include millions in disability assistance. But one advocate says those …


A rally for property tax cuts is set for Monday at the Indiana Statehouse. Organizers have encouraged attendees to wear green to signal their opposition to high property taxes. (Adobe Stock)

Social Issues

play sound

Indiana lawmakers introduced a third property tax plan this week, aiming to protect local governments from funding cuts while offering minimal relief …

Social Issues

play sound

Nearly half of Americans age 50 and older are using credit cards to pay for basic living expenses, according to a new AARP survey, and a Minnesota …

Expanded oil and gas subsidies, included in current versions of upcoming federal tax legislation, would support a massive expansion of LNG projects to more than double national export capacity by 2030. (Jeeraphun/Adobe Stock)

play sound

Forty religious leaders from different denominations gathered in Texas this week to call for an end to fossil-fuel subsidies and expansion of related …

Health and Wellness

play sound

Researchers at the University of Michigan have found that Black students attending Historically Black Colleges and Universities and Predominantly Blac…

Social Issues

play sound

New data show fewer than half of rural Gen Z'ers believe they can find a good job in their community, compared to nearly 70% of their urban peers…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021