Mr. Speaker, I want to thank my friend and colleague, Representative Pete Olson, for partnering with me to colead this Special Order tonight on the benefits of natural gas and liquified natural gas exports, especially as the United States prepares to hold the World Gas Conference next week. I am honored to share this floor time with Mr. Olson to talk about this very important topic, and I also want to thank many of my colleagues on the Energy and Commerce Committee for participating in this Special Order tonight to talk about this important topic. I represent rural eastern and southeastern Ohio, which is no stranger to the benefits of natural gas. My district sits on top of, as Representative Olson just mentioned, the Utica and the Marcellus shale plays, which have led to a growing interest in new and exciting manufacturing opportunities like ethane cracker plants and ethane storage opportunities. In fact, one recent report led by Shale Crescent USA and IHS Markit forecasts that this region will supply 37 percent of the Nation's natural gas production by 2040. This same report forecasts that natural gas liquid production from these two plays will increase from 0.53 million barrels per day in 2017 to 1.37 million barrels per day in 2040, an increase of over 150 percent. Other studies predict that the region has sufficient ethane feedstock to support up to five ethane cracker plants. These opportunities are huge.…
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Mr. Speaker, I yield 1 minute to the gentleman from Texas (Mr. Pfluger), my friend and outstanding member of the Energy and Commerce Committee.
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