| |
| |
|
|
R E S O L U T I O N
|
|
|
WHEREAS, Representatives of liquefied natural gas projects, |
|
|
pipeline companies, government, and other stakeholders are |
|
|
gathering in Austin on February 22, 2017, to highlight the benefits |
|
|
of liquefied natural gas exports; and |
|
|
WHEREAS, Pioneering exploration and extraction methods have |
|
|
opened vast natural gas resources to development, and demand on |
|
|
U.S. natural gas markets can now grow with little impact on domestic |
|
|
prices; plentiful supplies and unprecedented advances in |
|
|
technology also present a historic opportunity for the United |
|
|
States to achieve energy self-sufficiency while creating jobs and |
|
|
wealth; and |
|
|
WHEREAS, Global demand for LNG is expected to climb |
|
|
significantly in the coming years; the U.S. Department of Energy |
|
|
estimates that by the early 2020s, liquefied natural gas will |
|
|
dominate U.S. natural gas exports; two new LNG export facilities |
|
|
are under construction in Texas and are expected to be operational |
|
|
in the next two years; another has received all necessary permits to |
|
|
begin construction, and four more are awaiting final regulatory |
|
|
approvals from the federal government; and |
|
|
WHEREAS, According to recent studies, the expansion of LNG |
|
|
markets will generate billions of dollars in net benefits to the |
|
|
U.S. economy; moreover, increases in LNG exports could create |
|
|
hundreds of thousands of jobs, including tens of thousands in |
|
|
construction and operations; and |
|
|
WHEREAS, In Texas, construction and operation of multiple LNG |
|
|
export facilities along the Gulf Coast will encourage new direct |
|
|
infrastructure investments worth billions of dollars and |
|
|
contribute local tax revenues to communities across the state, and |
|
|
such projects could create more than 150,000 jobs and up to $31 |
|
|
billion in income for Texas residents by the year 2035; and |
|
|
WHEREAS, LNG exports will contribute to the nation's global |
|
|
energy leadership and to other vital goals, among them stability in |
|
|
natural gas pricing, increased business investment, job growth, and |
|
|
higher revenues for communities in natural-gas-producing areas; |
|
|
now, therefore, be it |
|
|
RESOLVED, That the House of Representatives of the 85th Texas |
|
|
Legislature hereby recognize February 22, 2017, as Liquefied |
|
|
Natural Gas Day at the State Capitol and extend to all those |
|
|
participating in this event sincere best wishes for an enjoyable |
|
|
and educational visit to Austin. |