SENATE RESOLUTION NO. 270
WHEREAS, Representatives of liquefied natural gas
projects, exploration and production companies, state business
and trade groups, pipeline companies, government, and other
stakeholders are gathering in Austin on February 25, 2015, 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 United
States 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 liquefied natural gas is expected
to climb significantly over the next two decades; the United States
Department of Energy estimates that, by 2035, natural gas production
levels will be 55 percent higher than was estimated only four years
ago; this trend can satisfy all domestic demand while also allowing
the nation to export natural gas; and
WHEREAS, According to recent studies, the expansion of
liquefied natural gas markets will generate as much as $86
billion in net benefits to the nation's economy and will help
reduce the United States trade deficit by as much as $60 billion
by 2038; moreover, increases in liquefied natural gas exports
could create more than 450,000 American jobs, including tens of
thousands of jobs in construction and operations; every two
billion cubic feet per day of exports supports 50,000 jobs in the
exploration and production sectors; and
WHEREAS, In Texas, proposed construction and operation of
multiple liquefied natural gas export facilities along the Gulf
Coast will encourage new direct infrastructure investments worth
billions of dollars, will contribute royalties and local tax
revenues to communities across the state, and could create up to
155,000 Texas jobs; and
WHEREAS, Liquefied natural gas 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 Senate of the State of Texas, 84th
Legislature, hereby recognize February 25, 2015, 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.
Estes
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President of the Senate
I hereby certify that the
above Resolution was adopted by
the Senate on February 25, 2015.
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Secretary of the Senate
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Member, Texas Senate