On September 29, 2014, the Federal Energy Regulatory Commission (FERC) approved Dominion Energy's proposed Cove Point liquefied natural gas export facility in Calvert County, MD. From the Pittsburgh-Tribune Review:
Dominion Energy's Cove Point project will allow an outlet for LNG exports closer to the booming Marcellus and Utica shale fields, more than any terminal on the drawing board.
If Richmond, Va.-based Dominion accepts federal guidelines for the project, it would reverse flow on a terminal built to import natural gas before shale-gas drilling flooded the U.S. market.
The Federal Energy Regulatory Commission late Monday ended a two-year review by authorizing Dominion to begin constructing the $3.8 billion retrofit of the export facility. The company has 20-year agreements to ship LNG to Japan and India and hopes to start doing so in 2017.
Click here for a fact sheet from FERC or read the full decision here.