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S&P Global Study: U.S. LNG on Pace for Second-Largest Net Export Industry Rank Within Five Years

U.S. liquefied natural gas exports are on pace to become the country's second-largest net export industry within five years, according to a new S&P Global energy study released July 16, 2026. The report ties that projection to 555,000 jobs supported annually and $1.4 trillion in GDP contribution through 2040. Domestic natural gas prices, S&P Global projects, will remain among the lowest in the world across that same horizon.

By Mateo FuentesMacro DeskJuly 16, 20262 min read
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U.S. liquefied natural gas exports are on pace to become the country's second-largest net export industry within five years, according to a new S&P Global energy study released July 16, 2026. The report ties that projection to 555,000 jobs supported annually and $1.4 trillion in GDP contribution through 2040. Domestic natural gas prices, S&P Global projects, will remain among the lowest in the world across that same horizon.

The numbers

The $1.4 trillion GDP figure covers the period through 2040, a roughly 14-year span from the study's release. The 555,000-job count is presented as an annual figure, meaning LNG export growth sustains more than half a million jobs per year at pace rather than adding that number as a one-time total.

S&P Global produced the study, released from Washington. The industry ranking places U.S. LNG among the most significant categories in the country's net export mix within the five-year window.

What the setup suggests

The domestic price projection is the structural premise behind every other number in the study. S&P Global's finding that U.S. natural gas prices will hold near the world's lowest levels is what makes the LNG export model viable: the spread between domestic production costs and international destination prices funds the export infrastructure and the employment tied to it.

That price floor assumption carries real weight for anyone evaluating U.S. LNG investment exposure. If domestic supply growth keeps prices suppressed, the business case for new export capacity holds. The study does not, as presented, attach project-level approvals or individual terminal timelines to the five-year projection.

What to watch

The full S&P Global report and any legislative or regulatory reaction to the job and GDP figures are the next confirmable events. The five-year window defines the outer boundary for when U.S. LNG would clear the second-largest net export industry threshold. Whether S&P Global's baseline scenario builds in new export terminal approvals beyond already-permitted capacity would materially change how to read the 555,000-job figure.

Related reading

About this story

Filed by the macro desk of MarketPR on July 16, 2026. Source: MarketPR. Indicative figures are not investment advice.

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Key takeaways

Frequently asked

How many jobs and how much GDP does the study attribute to U.S. LNG exports?

The study cites 555,000 jobs supported annually and $1.4 trillion in GDP contribution through 2040.

Is the 555,000-job figure a one-time total or a recurring number?

It is presented as an annual figure, meaning LNG export growth sustains more than half a million jobs per year at pace rather than adding them as a one-time total.

Why does S&P Global consider the domestic price projection so important?

The finding that U.S. natural gas prices will hold near the world's lowest levels is what makes the export model viable, since the spread between domestic costs and international prices funds export infrastructure and employment.

Does the study include specific terminal approvals or timelines?

No; as presented, the study does not attach project-level approvals or individual terminal timelines to the five-year projection.

What are the next things to watch according to the article?

The full S&P Global report and any legislative or regulatory reaction to the job and GDP figures are the next confirmable events, along with whether the baseline scenario builds in new export terminal approvals beyond already-permitted capacity.