AUSTIN – Texas Oil & Gas Association (TXOGA) President Todd Staples today issued the following statement:
“The court’s ruling to end the LNG export permit approval halt achieves the right result. U.S. natural gas has ushered in a new era of energy security by providing for needs here at home and to allies around the globe. The use and production of natural gas has resulted in billions of dollars being available to fund schools, road and other basic needs, is the dominant reason for declining CO2 emissions in the power sector and is one of the most affordable energy sources available. Every family has benefited from a robust natural gas sector and LNG exports play an ever-growing role in a stronger Texas and America.”
Since the Biden Administration announced the LNG export permit pause in January, TXOGA has raised concerns about the action. TXOGA joined other trade associations in sending a letter to the U.S. Department of Energy, published a statement and an op-ed, testified before the Texas House Select Committee on Protecting Texas LNG Exports and released an analysis by Dr. Foreman showing that U.S. LNG exports have not had any sustained and significant direct impact on U.S. natural gas prices and have, in fact, spurred production and productivity gains.
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Founded in 1919, TXOGA is the oldest and largest oil and gas trade association in Texas representing every facet of the industry.