85R11329 KSM-D
By: Lozano H.R. No. 533
R E S O L U T I O N
WHEREAS, Representatives of liquefied natural gas projects,
pipeline companies, government, and other stakeholders are
gathering in Austin on February 22, 2017, 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
U.S. 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 LNG is expected to climb
significantly in the coming years; the U.S. Department of Energy
estimates that by the early 2020s, liquefied natural gas will
dominate U.S. natural gas exports; two new LNG export facilities
are under construction in Texas and are expected to be operational
in the next two years; another has received all necessary permits to
begin construction, and four more are awaiting final regulatory
approvals from the federal government; and
WHEREAS, According to recent studies, the expansion of LNG
markets will generate billions of dollars in net benefits to the
U.S. economy; moreover, increases in LNG exports could create
hundreds of thousands of jobs, including tens of thousands in
construction and operations; and
WHEREAS, In Texas, construction and operation of multiple LNG
export facilities along the Gulf Coast will encourage new direct
infrastructure investments worth billions of dollars and
contribute local tax revenues to communities across the state, and
such projects could create more than 150,000 jobs and up to $31
billion in income for Texas residents by the year 2035; and
WHEREAS, LNG 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 House of Representatives of the 85th Texas
Legislature hereby recognize February 22, 2017, 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.