Based on information available to the commissioner, the commissioner may determine that a proposal for new investment is a qualified project under this chapter if the project
(1) principally involves
(A) the transportation of natural gas by pipeline to one or more markets, together with any associated processing or treatment;
(B) the export of liquefied natural gas from the state to one or more other states or countries; or
(C) any other technology that commercializes the shipment of natural gas within the state or from the state to one or more other states or countries;
(2) would produce at least 500,000,000,000 cubic feet of stranded gas within 20 years from the commencement of commercial operations; and
(3) is capable, subject to applicable commercial regulation and technical and economic considerations, of making gas available to meet the reasonably foreseeable demand in this state for gas within the economic proximity of the project.
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