API Releases 50-State Analysis of Natural Gas Benefits
July 13, 2017
Farm and Dairy. In 2015, natural gas supported more than 4 million jobs across the country, from production to end uses like manufacturing. That number is expected to rise to 6 million jobs by 2040.
That’s according to a new study, released June 27, by the American Petroleum Institute, a national trade association that represents America’s oil and natural gas industry.
The study shows that all 50 states benefit from natural gas produced domestically, including non-producing states.
The study by ICF International examined the economic benefits and opportunities from the entire natural gas value chain, including the production of natural gas, its transportation and end uses like power generation and manufacturing.
Key findings in the report include:
By 2040, consumers across the country will save an estimated $100 billion, or $655 per household, from the increased use of natural gas throughout our economy — from manufacturing to generating affordable electricity.
In 2015, the natural gas supply chain supported 3 percent of the U.S. economy, including direct, indirect and induced activities and jobs associated with natural gas.
In Ohio, the report claims natural gas benefited Ohio in 2015 by supporting 188,500 or 3.6 percent of jobs in the state, and contributing $26.7 billion to the state’s economy
In Pennsylvania, the 2015 figures were 178,100, or 3.1 percent, of jobs in the state; and contribution of $24.5 billion to the state’s economy
The full study containing information on the benefits of natural gas in each of the 50 states is available on API’s website.
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