Wednesday letters: Texas' Natural Gas

Wednesday, March 18, 2015

March 17, 2015

By Nathan Wesely, president, West GulfMaritime Association, Houston

Regarding "Oil prices may hurt LNG exports" (Page D1, Thursday), declining oil prices mean Liquefied Natural Gas (LNG) exports are even more critical to maintaining America's energy renaissance. Global demand for U.S. natural gas remains strong and these projects will provide long-term certainty for investment and jobs across the energy and port industries.

Many of the proposed U.S. LNG export projects have long-term (20 years) contracts in place with international customers, which demonstrates the long-term view global stakeholders are taking in regard to LNG. International customers are eager to take advantage of the safe, secure supply of U.S. natural gas. This allows our allies abroad to diversify their energy portfolio and reduce reliance on other countries for all of their energy needs, thereby increasing America's energy security.

Even in the current price environment, Texas has a historic opportunity to lead the new energy economy with its supply of abundant natural gas resources.

Read the full article here: