Energy Choices Unlock Energy’s Benefits
Posted May 16, 2014
Maryland LNG Export Project Clears U.S. Environmental Review
Bloomberg: Dominion Resources (D) Inc.’s plan to export liquefied natural gas cleared a U.S. environmental review, a key step toward final approval as supporters in Congress seek to expedite overseas shipments of the fuel.
U.S. Federal Energy Regulatory Commission approval of Dominion’s proposed Cove Point project on Maryland’s Chesapeake Bay would have “no significant impact” on the environment, as long as proper measures are taken, the staff said today in an environmental assessment.
The full commission is scheduled to issue a final decision on Cove Point by Aug. 13. Cheniere Energy Inc. (LNG)’s Sabine Pass is the only U.S. project so far to win approval from the FERC and Energy Department.
Dominion, of Richmond, Virginia, is seeking to take advantage of a boom in U.S. natural gas production, driven by advances in drilling techniques including hydraulic fracturing, or fracking. Cove Point, which may cost as much as $3.8 billion to build, is scheduled to begin shipments in late 2017.
The export terminal will be built on a waterfront site that is already prepared to receive imports of liquefied natural gas and requires minimal construction that would damage the environment, according to Dominion.
“There is no need for additional pipelines, storage tanks or permanent piers, thus limiting its impact,” Diane Leopold, president of Dominion Energy Inc., said today in a statement.
Read more: http://bloom.bg/RZ6ZJR
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About The Author
Mark Green joined API after a career in newspaper journalism, including 16 years as national editorial writer for The Oklahoman in the paper’s Washington bureau. Previously, Mark was a reporter, copy editor and sports editor at an assortment of newspapers. He earned his journalism degree from the University of Oklahoma and master’s in journalism and public affairs from American University. He and his wife Pamela have two grown children and four grandchildren.
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