Obama Administration Gives Final Approval to Cove Point LNG Terminal

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The Obama administration on May 7 granted final approval to a $3.8 billion natural gas export facility in Calvert County, MD – the first gas export site on the East Coast. Environmentalists sued within hours to stop the project.
  After lengthy reviews that spanned multiple federal agencies, the Energy Department approved plans for the Cove Point liquefied natural gas terminal. This allows Dominion Resources, Inc. to ship fuel to countries with which the United States does not have free trade agreements. The site, expected to come online by late 2017, is authorized to export up to 0.77 Bcf/d of LNG for the next 20 years.
  “The development of U.S. natural gas resources is having a transformative impact on the U.S. energy landscape, helping to improve our energy security while spurring economic development and job creation around the country. This increase in domestic natural gas production is expected to continue,” the Energy Department said in a statement.