The Daily Comet and Houma Courier recently published a letter by former Rep. Charlie Melancon on Louisiana’s energy industry. Melancon also served as the secretary of wildlife and fisheries for the state of Louisiana. His extensive experience working for the people of Louisiana make him well-positioned to discuss the numerous benefits to further investment in our critical energy infrastructure.
Melancon underscores Louisiana’s important role in fueling the US’ ongoing energy boom, as the Energy Information Administration (EIA) reports record amounts of natural gas and oil production and just recently predicted the US will emerge as a net energy exporter in 2020.
Melancon points to the importance of new LNG facilities along the Gulf Coast, several of which are in Louisiana, writing:
Increased exports are being made possible with the construction of new facilities along the Gulf Coast, several of which are in Louisiana. The Houston Chronicle reports within the next six months, energy developers are expected to make investments that would inject a combined $20 billion into the region over the next four years.
Cheniere Energy’s Sabine Pass in Louisiana is already operational, with a number of other projects in the state under consideration. Energy Transfer recently announced it is exploring the conversion of a LNG import facility in Lake Charles to accommodate exporting capabilities and utilize existing infrastructure.
In closing, Melancon notes that these advancements are not just a win for the energy industry – it’s a win for Louisiana on all fronts – concluding:
Louisiana’s export facilities have benefits for the state’s communities, too. Like all energy projects, new LNG export facilities benefit the local economy, creating jobs and bringing in new tax revenue.