| 1 | 1 | | SENATE RESOLUTION NO. 270 |
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| 2 | 2 | | WHEREAS, Representatives of liquefied natural gas |
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| 3 | 3 | | projects, exploration and production companies, state business |
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| 4 | 4 | | and trade groups, pipeline companies, government, and other |
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| 5 | 5 | | stakeholders are gathering in Austin on February 25, 2015, to |
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| 6 | 6 | | highlight the benefits of liquefied natural gas exports; and |
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| 7 | 7 | | WHEREAS, Pioneering exploration and extraction methods have |
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| 8 | 8 | | opened vast natural gas resources to development, and demand on United |
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| 9 | 9 | | States natural gas markets can now grow with little impact on domestic |
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| 10 | 10 | | prices; plentiful supplies and unprecedented advances in technology |
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| 11 | 11 | | also present a historic opportunity for the United States to achieve |
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| 12 | 12 | | energy self-sufficiency while creating jobs and wealth; and |
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| 13 | 13 | | WHEREAS, Global demand for liquefied natural gas is expected |
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| 14 | 14 | | to climb significantly over the next two decades; the United States |
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| 15 | 15 | | Department of Energy estimates that, by 2035, natural gas production |
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| 16 | 16 | | levels will be 55 percent higher than was estimated only four years |
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| 17 | 17 | | ago; this trend can satisfy all domestic demand while also allowing |
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| 18 | 18 | | the nation to export natural gas; and |
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| 19 | 19 | | WHEREAS, According to recent studies, the expansion of |
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| 20 | 20 | | liquefied natural gas markets will generate as much as $86 |
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| 21 | 21 | | billion in net benefits to the nation's economy and will help |
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| 22 | 22 | | reduce the United States trade deficit by as much as $60 billion |
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| 23 | 23 | | by 2038; moreover, increases in liquefied natural gas exports |
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| 24 | 24 | | could create more than 450,000 American jobs, including tens of |
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| 25 | 25 | | thousands of jobs in construction and operations; every two |
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| 26 | 26 | | billion cubic feet per day of exports supports 50,000 jobs in the |
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| 27 | 27 | | exploration and production sectors; and |
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| 28 | 28 | | WHEREAS, In Texas, proposed construction and operation of |
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| 29 | 29 | | multiple liquefied natural gas export facilities along the Gulf |
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| 30 | 30 | | Coast will encourage new direct infrastructure investments worth |
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| 31 | 31 | | billions of dollars, will contribute royalties and local tax |
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| 32 | 32 | | revenues to communities across the state, and could create up to |
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| 33 | 33 | | 155,000 Texas jobs; and |
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| 34 | 34 | | WHEREAS, Liquefied natural gas exports will contribute to the |
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| 35 | 35 | | nation's global energy leadership and to other vital goals, among |
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| 36 | 36 | | them stability in natural gas pricing, increased business |
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| 37 | 37 | | investment, job growth, and higher revenues for communities in |
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| 38 | 38 | | natural-gas-producing areas; now, therefore, be it |
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| 39 | 39 | | RESOLVED, That the Senate of the State of Texas, 84th |
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| 40 | 40 | | Legislature, hereby recognize February 25, 2015, as Liquefied |
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| 41 | 41 | | Natural Gas Day at the State Capitol and extend to all those |
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| 42 | 42 | | participating in this event sincere best wishes for an enjoyable and |
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| 43 | 43 | | educational visit to Austin. |
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| 44 | 44 | | Estes |
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| 45 | 45 | | ________________________________ |
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| 46 | 46 | | President of the Senate |
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| 47 | 47 | | I hereby certify that the |
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| 48 | 48 | | above Resolution was adopted by |
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| 49 | 49 | | the Senate on February 25, 2015. |
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| 50 | 50 | | ________________________________ |
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| 51 | 51 | | Secretary of the Senate |
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| 52 | 52 | | ________________________________ |
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| 53 | 53 | | Member, Texas Senate |
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