US DOE sanctions LNG exports from Cove Point

The US Department of Energy reported that that it has issued a final authorization for Dominion Cove Point LNG LP to export US-produced LNG to countries that do not have a free-trade agreement with the US from its Cove Point LNG terminal in Calvert County, Md.

The terminal is authorized to export LNG up to the equivalent of 770 MMscfd of natural gas for a period of 20 years.

“The development of US natural gas resources is having a transformative impact on the US energy landscape, helping to improve our energy security while spurring economic development and job creation around the country,” DOE said. This increase in gas production is expected to continue, DOE said, adding that the US Energy Information Administration forecasts a record average production rate this year of 72.4 bcfd.

Dominion Cove Point began construction on the export project in the fall after receiving authorization from the US Federal Energy Regulatory Commission (OGJ Online, Oct. 30, 2014).

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