TITLE: Recognizing February 25, 2015, as Liquefied Natural Gas (LNG) Day at the State Capitol.

SUMMARY: Recognizing February 25, 2015, as Liquefied Natural Gas (LNG) Day at the State Capitol.

FULL TEXT:
WHEREAS, Representatives of liquefied natural gas projects, exploration and production companies, state business trade groups, pipeline companies, government, and other stakeholders are gathering in Austin on February 25, 2015, to highlight the benefits of liquefied natural gas (LNG) 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 over the next two decades; the U.S. 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 LNG markets will generate as much as $86 billion in net benefits to the U.S. economy and will help reduce the U.S. trade deficit by as much as $60 billion by 2038; moreover, increases in LNG 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 LNG export facilities along the Gulf Coast will incentivize 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 jobs in the state; 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 84th Texas Legislature hereby recognize February 25, 2015, as Liquefied Natural Gas (LNG) 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. Lozano Anchia Darby Wu Hunter Phelan Straus Guerra Otto Allen Guillen Paddie Alonzo Gutierrez Parker Alvarado Harless Paul Anchia Hernandez Pe a Anderson of Dallas Herrero Phelan Anderson of McLennan Howard Phillips Ashby Huberty Pickett Aycock Hughes Price Bell Hunter Raney Blanco Isaac Raymond Bohac Israel Reynolds Bonnen of Brazoria Johnson Riddle Bonnen of Galveston Kacal Rinaldi Burkett Keffer Rodriguez of Bexar Burns Keough Rodriguez of Travis Burrows King of Hemphill Romero, Jr. Button King of Parker Rose Canales King of Taylor Sanford Capriglione King of Uvalde Schaefer Clardy Klick Schofield Coleman Koop Shaheen Collier Krause Sheets Cook Kuempel Sheffield Craddick Landgraf Simmons Crownover Larson Simpson Dale Laubenberg Smith Darby Leach Smithee Davis of Dallas Longoria Spitzer Davis of Harris Lozano Springer Deshotel Lucio III Stephenson Dukes M rquez Stickland Dutton Martinez Thompson of Brazoria Elkins Martinez Fischer Thompson of Harris Faircloth McClendon Tinderholt Fallon Men ndez Turner of Collin Farias Metcalf Turner of Harris Farney Meyer Turner of Tarrant Farrar Miles VanDeaver Fletcher Miller of Comal Villalba Flynn Miller of Fort Bend Vo Frank Moody Walle Frullo Morrison White of Bell Galindo Mu oz, Jr. White of Tyler Geren Murphy Workman Giddings Murr Wray Goldman Naishtat Wu Gonzales Nev rez Zedler Gonz lez Oliveira Zerwas Speaker of the House I certify that H.R. No. 699 was adopted by the House on February 25, 2015, by a non-record vote. Chief Clerk of the House