Chairman Craddick Emphasizes Importance of Texas LNG GrowthJune 02, 2017
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.”
Christi Craddick was elected statewide by the people of Texas in November 2012 to serve a six-year term as Texas Railroad Commissioner. A native of Midland, Christi is an attorney specializing in oil and gas, water, tax issues, electric deregulation and environmental policy.
About the Railroad Commission:
Our mission is to serve Texas by our stewardship of natural resources and the environment, our concern for personal and community safety, and our support of enhanced development and economic vitality for the benefit of Texans. The Commission has a long and proud history of service to both Texas and to the nation, including almost 100 years regulating the oil and gas industry. The Commission also has jurisdiction over alternative fuels safety, natural gas utilities, surface mining and intrastate pipelines. Established in 1891, the Railroad Commission of Texas is the oldest regulatory agency in the state. To learn more, please visit http://www.rrc.texas.gov/about-us/.