Strategic Financing of LNG Expansion for Infrastructure Development, Export Competitiveness and National Energy Security
DOI:
https://doi.org/10.60087/jklst.vol4.n3.pKeywords:
LNG Expansion, Infrastructure Development, Export Competitiveness, National Energy SecurityAbstract
Background: Liquefied Natural Gas (LNG) as a vital energy resource because it enables infrastructure development through capital investment which creates new economic opportunities and boosts export product competitiveness and enables countries to access their domestic and international energy resources. The fast-moving energy market creates an extremely tough environment for businesses to compete while facing unknown market conditions. Methods: A quantitative survey method was used to collect data through a questionnaire which assessed people view LNG project funding systems and their effects on infrastructure growth and export market competitiveness and energy availability. The study sample consisted of 215 people lived in different areas across the United States. Pearson’s correlation analysis helped us identify the connection between our main independent variable and dependent variable through statistical evaluation. Results: The study identified three main financial obstacles which block LNG growth because of lacking financial transparency and foreign exchange control and restricted access to long-term financial resources. The developers identified terminal construction as their primary infrastructural benefit which they rated at 56.7%, followed by LNG storage space at 55.1%, and pipeline system development at 54.9%. The study found the highest correlation between LNG financing and risk control which achieved an r value of 0.634 and maintained statistical significance at p = 0.01. Conclusion: The strategic financing for LNG expansion serves as a fundamental element which supports LNG growth through infrastructure construction and enables export market success and strengthens national energy security.
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