[Congressional Record (Bound Edition), Volume 159 (2013), Part 4]
[House]
[Page 5058]
[From the U.S. Government Publishing Office, www.gpo.gov]




               MOVING FORWARD WITH LIQUIFIED NATURAL GAS

  (Mr. BOUSTANY asked and was given permission to address the House for 
1 minute and to revise and extend his remarks.)
  Mr. BOUSTANY. Mr. Speaker, in 2009, the United States surpassed 
Russia in becoming the world's largest producer of natural gas. Due to 
recent technological advancements, large deposits of natural gas, 
mainly shale gas, are now being harvested. Through the use of hydraulic 
fracturing and horizontal drilling, previously inaccessible 
hydrocarbons are now seeing the light of day.
  Having Henry Hub located in the center of the Third Congressional 
District, I'm fully aware that the market price of U.S. natural gas is 
at an all-time low and much lower than Asian and European natural gas 
prices. While this fact presents challenges, it also provides an 
opportunity for our Nation to fast become a global energy hub by 
exporting one of our most abundant natural resources in the form of 
liquified natural gas, or LNG.
  With domestic demand being met, exporting LNG leads to job creation 
at home, a reduction in the national trade deficit, and an increase in 
revenues for the Federal Government. As a member of the House Ways and 
Means Subcommittee on Trade, these are all value-added benefits for our 
Nation.
  The domestic natural gas boom presents the United States with an 
enormous economic opportunity and geopolitical opportunity. Our Nation 
should seize this opportunity and not let it pass. It's in the public 
interest.

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