In the years ahead, natural gas will continue to be a critical source of energy for Virginia. It is a reliable, affordable, American-made, clean fuel. The use of natural gas has more than doubled in Virginia since 2004.
Natural gas is already delivering substantial savings to Virginia households and businesses. While the use of natural gas has increased, the price has fallen over the last decade.
Because of natural gas, Virginia households save on average about $1,300 annually on energy costs. A portion of these dollars of course are spent at Virginia businesses and put back into our communities.
But the benefits of natural gas will hit a ceiling, given the limited capacity of Virginia’s pipeline infrastructure. New gas-fired power plants will help our economy grow—and accommodate population growth—but they will need increased access to natural gas supplies from out of state. Expanding our pipeline infrastructure is the best solution.
Some Virginia businesses and consumers, however, are questioning the benefits and safety of new natural gas pipelines. These concerns are fueled more by misinformation and unfounded fear than by facts.
Pipelines are the safest, most efficient and environmentally friendly way to transport energy. Across the nation, more than 177 million Americans safely access natural gas via pipelines. Pipeline construction and ongoing operations are tightly regulated by both state and federal agencies.
It is also worth underscoring that the increased use of natural gas—made possible by pipelines—has helped the U.S. significantly lower its greenhouse gas emissions. We lead all other industrialized nations in carbon reduction because of natural gas. In addition, natural gas is the primary backup energy source for wind and solar power, which depend on favorable weather conditions.
On our roads, pipelines also make a positive difference. Without pipelines, more fuel would be transported by truck and train, bringing further congestion to our rail lines and roads. Increasing traffic is a huge drag on businesses, driving up the cost of products and services.
Allowing Virginia pipeline infrastructure projects to move forward will provide both short-and long-term benefits. New construction will support thousands of jobs and add millions to local economies, with costs borne by private-sector investors, not taxpayers. Over the long term, Virginia will secure dependable energy, which will enable our state to maintain a positive economic climate for attracting, retaining, and growing businesses.