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Cove Point may soon be exporting gas; big boost to area economy

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<p><figure id&equals;"attachment&lowbar;2541" aria-describedby&equals;"caption-attachment-2541" style&equals;"width&colon; 220px" class&equals;"wp-caption alignleft"><a href&equals;"https&colon;&sol;&sol;www&period;the-chesapeake&period;com&sol;&sol;wp-content&sol;uploads&sol;2013&sol;09&sol;Sept-2013-Ches-front-page&period;jpg"><img src&equals;"https&colon;&sol;&sol;www&period;the-chesapeake&period;com&sol;&sol;wp-content&sol;uploads&sol;2013&sol;09&sol;Sept-2013-Ches-front-page-220x300&period;jpg" alt&equals;"" title&equals;"Sept 2013 Ches front page" width&equals;"220" height&equals;"300" class&equals;"size-medium wp-image-2541" &sol;><&sol;a><figcaption id&equals;"caption-attachment-2541" class&equals;"wp-caption-text">Why do officials allow liquor stores to fuel demand of winos & bums with mini liquor bottles&quest;<&sol;figcaption><&sol;figure>FROM BLOOMBERG&colon;<br &sol;>&NewLine;Dominion Resources Inc&period; won U&period;S&period; Energy Department approval to export liquefied natural gas from an existing import terminal in Maryland&comma; the fourth such project authorized by the agency amid a natural-gas glut&period; <&sol;p>&NewLine;<p>The project to modify the terminal&comma; which may cost as much as &dollar;3&period;8 billion&comma; was approved pending environmental reviews&comma; according to a statement today&period; Richmond&comma; Virginia-based Dominion closed at &dollar;58&period;62&comma; up less than 1 percent in trading on the New York Stock Exchange&period; <&sol;p>&NewLine;<p>Dominion still requires approval from the Federal Energy Regulatory Commission to start construction at the facility at Cove Point&comma; on the shores of the Chesapeake Bay&comma; Dan Donovan&comma; a spokesman for the company&comma; said today in an interview&period; <&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We have financing and we’re fully subscribed by customers for capacity&comma;” Donovan said&period; Final regulatory approval could come in the first quarter next year&comma; he said&period; <&sol;p>&NewLine;<p><a href&equals;"https&colon;&sol;&sol;www&period;the-chesapeake&period;com&sol;&sol;2013&sol;09&sol;11&sol;st-marys-fair-19th-24th&sol;"><img src&equals;"https&colon;&sol;&sol;www&period;the-chesapeake&period;com&sol;&sol;wp-content&sol;uploads&sol;2013&sol;09&sol;Fair-program-page-one-230x300&period;jpg" alt&equals;"" title&equals;"Fair program page one" width&equals;"230" height&equals;"300" class&equals;"alignleft size-medium wp-image-2689" &sol;><&sol;a>Advances in natural-gas drilling techniques&comma; including hydraulic fracturing&comma; have led to increased U&period;S&period; production&comma; prompting companies to seek export authority to markets including Japan and India&period; The Energy Department must approve before natural gas can be exported to nations that lack a free-trade agreement with the U&period;S&period;<br &sol;>&NewLine;<a href&equals;"http&colon;&sol;&sol;www&period;bloomberg&period;com&sol;news&sol;2013-09-11&sol;dominion-wins-u-s-approval-for-cove-point-gas-export-terminal&period;html&num;disqus&lowbar;thread">READ MORE<&sol;a><&sol;p>&NewLine;

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