OREANDA-NEWS. June 28, 2017. The Connecticut Petroleum Council today released a new study on the benefits natural gas brings to the state in terms of consumer savings, family-sustaining jobs and economic growth. The study shows that all 50 states benefit from natural gas produced domestically, including non-producing states

“The study is right in sync with Governor Malloy’s Comprehensive Energy Strategy which calls for more natural gas now and in the years ahead,” said Executive Director Steven Guveyan. “Additional natural gas will also provide more reliability and low-cost fuel for the electricity grid in New England, as natural gas displaces coal and oil.”

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.

Natural gas benefited Connecticut in 2015 in the following ways:

  • Supported 33,026 or 2 percent of jobs in the state
  • Contributed $4.35 billion to the state’s economy

“From power generation for homes and businesses that benefit from affordable and reliable electricity, to the industry’s skilled workforce that produces natural gas, to pipelines and the workers who build them, the advantages of natural gas are wide-ranging,” said API President and CEO Jack Gerard. “With energy week in full swing, this study is another example of the job and consumer benefits of natural gas across the country.” 

The study found that consumers in all 50 states will save an estimated $655 by 2040 from natural gas production, transportation and other uses such as electricity generation.