By State Senator Paul Bettencourt & State Representative Gene Wu
Bipartisan support isn’t something you hear very often in Washington, D.C., but in Texas we understand the importance of working together to support efforts that will benefit the Texas economy and add jobs. Liquefied Natural Gas (LNG) exports are an opportunity to do just that.
Thanks to the shale boom, the United States has moved from a position of energy scarcity to a position of strength and abundance. By liquefying surplus natural gas supplies and exporting it to allies overseas, the U.S. is able to solidify its place as a global energy provider while at the same time creating jobs at home and strengthening our own economy.
Texas is uniquely positioned to become a leader in the next chapter in America’s energy transformation due to our abundant natural gas supply, infrastructure and access to deep water ports. According to studies, LNG exports will create up to 155,000 Texas jobs in construction, operations, exploration and production by 2035 and contribute up to $31.4 billion to our local economies. The benefits of LNG exports are not just confined to Texas. LNG exports are expected to generate as much as $86 billion in net benefits to the U.S. economy and help create up to 2.4 million American jobs by 2035, according to a recent report from NERA Economic consulting. Additionally, a 2015 peer-reviewed study by Carnegie Mellon University found that exporting LNG from the U.S. to Asia or Europe can help reduce greenhouse gas emissions compared with burning coal.
View the whole story at YourHoustonNews.com