Texas Border Business
The following can be attributed to Todd Staples, president of the Texas Oil & Gas Association (TXOGA):
“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 at 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.
