HLS 19RS-2422 ORIGINAL 2019 Regular Session HOUSE CONCURRENT RESOL UTION NO. 69 BY REPRESENTATIVE BISHOP AND SENATOR CHAB ERT ENERGY/OIL & GAS: Recognizes Tuesday, May 14, 2019, as the seventh annual Liquified Natural Gas Day at the Louisiana State Capitol 1 A CONCURRENT RESOL UTION 2To recognize Tuesday, May 14, 2019, as the seventh annual Liquefied Natural Gas (LNG) 3 Day at the Louisiana State Capitol. 4 WHEREAS, plentiful natural gas supplies and unprecedented advances in technology 5have provided a historic opportunity for the United States to achieve energy self-sufficiency 6while creating jobs and wealth for the nation's and the state's economy; and 7 WHEREAS, pioneering exploration and extraction methods have opened such vast 8natural gas resources to development in areas such as the Haynesville Shale that demand on 9United States natural gas markets can grow with little impact on domestic prices; and 10 WHEREAS, the Department of Energy estimates domestic natural gas production 11levels will increase by forty-seven percent by the year 2050; and 12 WHEREAS, global demand for LNG is expected to grow significantly over the next 13two decades, with Louisiana poised to play a major role in meeting such demand; and 14 WHEREAS, expanding markets for United States natural gas is consistent with 15national trade and security policy, because failure to expand LNG exports would force our 16allies to continue to rely on regimes that are hostile to United States interests for their energy 17needs; and 18 WHEREAS, over six hundred cargoes of LNG have already departed for 19international markets from Louisiana facilities; and Page 1 of 3 HLS 19RS-2422 ORIGINAL HCR NO. 69 1 WHEREAS, continued growth in LNG exports will create tens of thousands of 2construction and operations jobs in the state of Louisiana, which will in turn lead to 3community involvement and charitable giving; and 4 WHEREAS, Louisiana's LNG industry plans to invest over $90 billion in Louisiana 5over the next decade, creating over twenty thousand jobs, greater economic opportunity, and 6an expansion of the Louisiana tax base; and 7 WHEREAS, LNG exports would provide incentives for new infrastructure 8investments worth billions of dollars and generate royalties and local tax revenues directly 9in communities across the state of Louisiana; and 10 WHEREAS, the Louisiana Energy Export Association was formed in 2017 to serve 11as a unifying voice for Louisiana's LNG exporters and to educate policymakers on the 12significant economic benefits of exporting natural gas; and 13 WHEREAS, a diverse coalition of Louisiana LNG producers, energy and petroleum 14companies, business groups, service companies, and others have expressed their support for 15LNG exports through community outreach and education; and 16 WHEREAS, this coalition continues to recognize the importance of collaboration, 17coordination, and communication with all leaders at the local, parish, and state level, 18including Cameron Parish; Calcasieu Parish; the Cameron Parish Port, Harbor and Terminal 19District; and the Port of Lake Charles, Lake Charles Harbor and Terminal District. 20 THEREFORE, BE IT RESOLVED that the Legislature of Louisiana does hereby 21recognize Tuesday, May 14, 2019, as Liquefied Natural Gas Day at the Louisiana State 22Capitol and does hereby express support of the Louisiana Energy Export Association, a 23nonprofit grassroots organization with the mission of supporting the exports of natural gas, 24and educating public and policy leaders on the benefits LNG exports will bring to the United 25States. 26 BE IT FURTHER RESOLVED that a copy of this Resolution be transmitted to 27members of the Louisiana delegation of the United States Congress as an expression of the 28Legislature of Louisiana's support of LNG exports and the streamlining and expedition of 29permit approval for pending export facilities so that the economic benefits of LNG exports 30can be magnified throughout the state of Louisiana, as well as the United States. Page 2 of 3 HLS 19RS-2422 ORIGINAL HCR NO. 69 DIGEST The digest printed below was prepared by House Legislative Services. It constitutes no part of the legislative instrument. The keyword, one-liner, abstract, and digest do not constitute part of the law or proof or indicia of legislative intent. [R.S. 1:13(B) and 24:177(E)] HCR 69 Original 2019 Regular Session Bishop Recognizes Tuesday, May 14, 2019, as the seventh annual Liquefied Natural Gas (LNG) Day at the La. State Capitol. Page 3 of 3