Published in Last Word
The Federal Energy Regulatory Commission (FERC) has given the final go-ahead for the $3.8 billion conversion of the Cove Point liquid natural gas (LNG) terminal from an import to an export facility. Construction is expected to begin within a few months. The facility owner, Dominion Resources, plans to starting exporting LNG in 2017.
The facility will be the closest export terminal to the Marcellus Shale region.
Cove Point is the fourth LNG export project to receive final approval. Fourteen other projects are awaiting FERC approval. Most of the facilities would be located on the Gulf Coast; two are slated for the Pacific Northwest .
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