CHEYENNE, Wyo. (AP) — A report says Wyoming could benefit from private development of a liquefied natural gas production and distribution system to supply mining operations, railroads and other heavy industrial users.

Gov. Matt Mead on Monday released the report commissioned by the state and a number of private energy companies.

It states that investing up to $400 million to develop a liquefied natural gas system primarily serving the state’s coal-producing Powder River Basin region could result in $166 million annual fuel savings versus continued use of diesel fuel.

The report states industrial users including on-road semitrailers are now burning over 630 million gallons a year of diesel in Wyoming.

Mead says the investment would create thousands of high-paying jobs in Wyoming.