New study projects 2 million more natural gas related jobs by 2040

June 27, 2017

A new study released Tuesday by the American Petroleum Institute predicted two million new jobs coming from the natural gas industry by 2040.

The natural gas industry, along with other related economic activity, now employs four million Americans from drilling to pipeline construction. The report, based on projections from the Energy Information Administration, also predicted an additional $1 billion in cost savings for the American consumer from lower energy prices and cheaper production of petrochemical products.

"There's a lot of opportunities to use the feedstocks for further economic opportunity," Stephanie Catarino Wissman, API Pennsylvania executive director said in a conference call.

Catarino Wissman specifically mentioned the upcoming Royal Dutch Shell cracker - which will turn ethane into plastic pellets - as an example of the economic opportunities sprouting out of natural gas production...

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