Recognizes March 26, 2014, as Liquified Natural Gas Day at the state capitol
Impact
The resolution expresses support for the export of LNG and its economic implications for Louisiana. By placing emphasis on LNG exports, the resolution posits that such developments will create tens of thousands of jobs and encourage substantial infrastructure investment within the state. Furthermore, it points to the potential for local tax revenue generation, indicating a direct benefit to communities in Louisiana as a result of LNG production and export facilities being established.
Summary
HCR29 is a legislative resolution recognizing March 26, 2014, as Liquified Natural Gas Day at the Louisiana State Capitol. The resolution underscores the significance of liquified natural gas (LNG) and its role in achieving energy self-sufficiency for the United States. It reflects upon the historic opportunity presented by abundant natural gas supplies combined with advancements in extraction technologies, especially in regions like the Haynesville Shale. The resolution highlights the expected increase in natural gas production levels and its potential impact on both domestic markets and foreign exports.
Sentiment
Overall, the sentiment surrounding HCR29 is largely positive, particularly among stakeholders such as LNG producers and various business groups. The resolution encourages a collaborative effort to promote LNG exports, which many believe is essential for both state and national economic interests. The support expressed in the resolution suggests a shared belief in the benefits that strong LNG market positions could bring to Louisiana's economy.
Contention
While the resolution showcases strong support for LNG export initiatives, it also hints at the broader implications of energy exports on national policy, indicating that failure to act could lead allies to rely on nations that may oppose U.S. interests. The potential for job creation is a focal point, but there may be concerns about environmental impacts and the need for responsible management of natural resources associated with increased production and export activities.
Recognizes Wednesday, April 26, 2017, as the fifth annual Liquefied Natural Gas Day at the state capitol and expresses support of the Louisiana Energy Export Association, LNG exports, and the streamlining and expedition of permit approval for pending export facilities.