Energy Dept. green-lights Dominion's Cove Point LNG export project

09/11/2013 | Bloomberg

The Department of Energy has approved Dominion Resources' plan to export liquefied natural gas from the Cove Point import terminal in Maryland. The project, which still needs the Federal Energy Regulatory Commission's clearance, could cost up to $3.8 billion. "This demonstrates progress toward an enormous opportunity for the administration to bolster job creation and economic growth," said Erik Milito, the American Petroleum Institute's director of upstream and industry operations.

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