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FERC Gives Approval for East Coast LNG Export Project

The Economic Times and other news sources are reporting that the U.S. Federal Energy Regulatory Commission (FERC) issued a permit for Dominion Resources to operate the first natural gas liquefaction plant on the east coast.  Dominion’s Cove Point plant on the Chesapeake Bay will be used to export more than 5 million metric tons of liquefied natural gas each year.  The plant will also be the first export terminal connected to the Marcellus Shale by pipeline.  It has been reported that Dominion already has agreements with energy companies in India and Japan to ship the natural gas overseas.  The project is likely to be completed by June of 2017.