Texas Senate Bill SR274

Texas 2017 - 85th Regular

Caption

Recognizing February 22, 2017, as Liquefied Natural Gas Day.

Impact

According to the resolution, the construction and operation of liquefied natural gas export facilities in Texas are expected to yield considerable economic benefits. It is projected that these facilities will encourage significant infrastructure investments worth billions of dollars and generate substantial local tax revenues. Specifically, the resolution claims that the LNG sector could create more than 150,000 jobs and generate up to $31 billion in income for Texas residents by 2035, reflecting a positive outlook for job creation and economic development.

Summary

Senate Resolution No. 274 recognizes February 22, 2017, as Liquefied Natural Gas Day at the State Capitol. This resolution serves to highlight the benefits of liquefied natural gas (LNG) exports, emphasizing the increasing global demand for LNG as well as the significant potential for economic growth in the United States and particularly in Texas. The resolution notes that advancements in exploration and extraction methods have made natural gas more accessible than ever, bolstering the U.S.'s ability to achieve energy self-sufficiency while creating jobs and wealth across the nation.

Contention

While the resolution celebrates the opportunities brought by LNG, it does not delve into potential environmental concerns or the repercussions of increased fossil fuel dependency. Alternative energy advocates may argue that the focus on LNG could detract from investments in renewable energy sources. However, the resolution primarily positions LNG as a pivotal element of the U.S.'s energy strategy and economic future, thereby framing the discussion around economic benefits rather than highlighting any drawbacks.