Bill Text: TX SR270 | 2015-2016 | 84th Legislature | Enrolled
Bill Title: Recognizing February 25, 2015, as Liquefied Natural Gas Day.
Sponsorship: Partisan Bill (Republican 1)
Status: (Passed) 2015-02-25 - Reported enrolled [SR270 Detail]
Download: Texas-2015-SR270-Enrolled.html
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| 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 | ||
| ________________________________ | ||
| President of the Senate | ||
| I hereby certify that the | ||
| above Resolution was adopted by | ||
| the Senate on February 25, 2015. | ||
| ________________________________ | ||
| Secretary of the Senate | ||
| ________________________________ | ||
| Member, Texas Senate | ||
