SENATE RESOLUTION NO. 274
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 our nation'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 liquefied natural gas is
expected to climb significantly in the coming years; the United
States Department of Energy estimates that by the early 2020s,
liquefied natural gas will dominate the country's natural gas
exports; two new liquefied natural gas 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
liquefied natural gas markets will generate billions of dollars
in net benefits to the United States economy; moreover, increases
in liquefied natural gas 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
liquefied natural gas 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, Liquefied natural gas exports will contribute to
the nation's global energy leadership and to other vital goals,
including 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, 85th
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.
Estes
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President of the Senate
I hereby certify that the
above Resolution was adopted by
the Senate on February 22, 2017.
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Secretary of the Senate
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Member, Texas Senate