The Obama administration on Thursday granted final approval to a $3.8 billion natural gas export facility in Calvert County, Maryland — the first gas export site on the East Coast — but environmentalists sued within hours to stop the project.
After an extensive review that spanned multiple federal agencies, the Energy Department gave the green light to the Cove Point liquefied natural gas terminal. The move allows the project’s operator, Virginia-based energy giant Dominion Resources Inc., to ship fuel to countries with which the U.S. does not have free trade agreements.
The site, expected to come online by late 2017, is now authorized to export up to 0.77 billion cubic feet of liquefied natural gas per day for the next 20 years.
The export site is the latest milestone in the revolution in U.S. production and supply brought on by hydraulic fracturing, or fracking, and other innovative techniques that are upending traditional global energy markets.
“The development of U.S. natural gas resources is having a transformative impact on the U.S. energy landscape, helping to improve our energy security while spurring economic development and job creation around the country. This increase in domestic natural gas production is expected to continue,” the Energy Department said in a statement.
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Hi Alex. Congrats on the new Blog. I'd like to add to the Front Page, the facts that are missing re; the LNG offshore platform expansion in Lusby MD.. The expansion is being performed on an aging facility, that's been there since 1972, the year LNG began coming in from Algeria. The present issues (underwater leaks & high temperatures) are forcing residence to move inland.
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