Analyst: Key Formula Omitted LNG Cost, Turning $2B Benefit Claim into Net Loss
Matthias Fripp told lawmakers the report's headline scenario (3a) omitted LNG costs in a spreadsheet formula, producing an $886 million artificial benefit and overall $1.2 billion apparent overstatement; correcting that error turns the scenario from net savings to net cost.
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At the House Committee briefing, Matthias Fripp walked lawmakers through the specific spreadsheet mistake he says drives the report's headline claim that switching to LNG would produce multi-billion-dollar benefits.
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