The federal Department of Energy cleared Dominion's liquefied natural gas terminal project at Cove Point in Maryland.
The facility will be allowed to convert natural gas, much of it coming from the Marcellus and Utica shales by pipeline, into a liquid that can be loaded on ships and transported abroad.
This is the third export terminal to be approved by the DOE this year, and only the fourth since 2009 when companies, spurred by shale gas production estimates, began to petition the government to turn import terminals into export ones.
The DOE said it reviewed 200,000 comments for Dominion's application and found that Cove Point was in the public interest and was "likely to yield net economic benefits to the United States."
The approval allows Dominion to export 0.77 billion cubic feet of gas per day for 20 years.breaking - businessnews
Anya Litvak: email@example.com or 412-263-1455.