Dominion receives FERC approval on Cove Point LNG export project

Dominion

Dominion (NYSE: D) has notified the Federal Energy Regulatory Commission (FERC) that it has accepted the commission's order approving the Cove Point LNG liquefaction and export project and all of FERC's environmental conditions.

Construction of the export project is estimated to cost between $3.4 billion and $3.8 billion. IHI/Kiewit Cove Point, a joint venture between IHI E&C International Corp. and Kiewit Corp., is the engineering, procurement, and construction contractor for the new liquefaction facilities.

 

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