Costs and Financial Risks of Certain Liquefied Natural Gas Import Projects to U.S. Taxpayers and Gas Consumers

GAO was requested to review several questions regarding two projects developed to import liquefied natural gas (LNG) from Algeria. These projects are known as the El Paso and Trunkline Projects. Specifically, GAO reviewed information regarding any U.S. subsidies, Government loans, and tax credits available to the owners and operators of LNG facilities and what costs have been passed on to gas consumers since the flow of LNG in the El Paso Project was halted as a result of price disputes.