Louisiana House Bill HR169

Louisiana 2018 Regular Session

• Introduced: 5/7/18
• Refer: 5/7/18
• Report Pass: 5/8/18
• Passed: 5/11/18

Caption

Urges and requests the Federal Energy Regulatory Commission to timely process and act on applications for projects in southwest Louisiana

Impact

By urging FERC to expedite the permit applications, HR169 aims to facilitate the timely development of these crucial infrastructure projects. The resolution highlights the importance of regulatory efficiency in enhancing Louisiana's position in the global LNG market. The potential economic benefits, including job creation and significant investment, unite stakeholders in support of the project, while also showcasing the state's strategic capabilities in the energy sector.

Summary

House Resolution 169 urges the Federal Energy Regulatory Commission (FERC) to swiftly process and act on the applications for the Venture Global Calcasieu Pass liquefied natural gas (LNG) export terminal and the TransCameron pipeline projects. The resolution emphasizes that southwest Louisiana has the potential to become a major exporter of LNG due to its geographical advantages, particularly its proximity to natural gas resources and the Gulf of Mexico. The proposed projects are expected to have a significant economic impact, involving an investment of at least $4.25 billion in the region and the creation of approximately 3,000 jobs during the construction phase, along with an additional 200 full-time positions once the projects are operational.

Sentiment

The sentiment surrounding HR169 is predominantly positive, as it is viewed as a necessary step toward economic prosperity in Louisiana. Legislators from various backgrounds generally support the resolution, recognizing the benefits of job creation and investment in local communities. There appears to be a consensus on the importance of the projects for both local economies and the broader energy landscape. However, concern about the timely processing of permits indicates an underlying tension between the need for rapid development and the complexities of regulatory oversight.

Contention

Despite the support, there could be contention regarding environmental impacts and the regulatory process itself. While the resolution pushes for expedited action, it also raises questions about environmental assessments and long-term sustainability. Stakeholders may voice different opinions on how to balance economic growth with ecological considerations, particularly in light of previous concerns surrounding the timeline for environmental impact statements by FERC.