Chairman Craddick Emphasizes Importance of Texas LNG Growth
HOUSTON – Railroad Commission Chairman Christi Craddick today delivered keynote remarks at the LNGgc Americas Conference in Houston, detailing Texas’ unique position in the overall expansion of U.S. liquid natural gas (LNG) exports. With Texas and the Gulf of Mexico playing key roles in the new national LNG export market, stakeholders gathered to discuss challenges, pricing and future infrastructure projects in the region.
“U.S. proven natural gas reserves rank fifth in the world; and, as the U.S. has become one of the world’s largest natural gas producers — second, only behind Russia — the industry has been working as quickly as possible to transition LNG import terminals to export terminals,” Craddick said.
“The export of natural gas represents one of the most promising economic opportunities of the new American shale boom. LNG exports will reduce our trade deficit, increase government revenues, grow our economy and support millions of American jobs. And, as our country’s LNG export market grows, it will also help to position us as a global energy superpower.”