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The Energy Department announced today that it has conditionally
authorized Dominion Cove Point LNG, LP to export domestically produced
liquefied natural gas (LNG) to countries that do not have a Free Trade
Agreement (FTA) with the United States from the Cove Point LNG Terminal in
Calvert County, Maryland. Dominion Cove Point previously received approval to
export LNG from this facility to FTA countries on October 7, 2011. Subject to
environmental review and final regulatory approval, the facility is
conditionally authorized to export at a rate of up to 0.77 billion cubic feet
of natural gas a day (Bcf/d) for a period of 20 years.
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, with the
Energy Information Administration forecasting a record
production rate of 69.96 Bcf/d in 2013.
Federal law generally requires approval of natural gas exports to countries
that have an FTA with the United States. For countries that do not have an FTA
with the United States, the Natural Gas Act directs the Department of Energy to
grant export authorizations unless the Department finds that the proposed
exports "will not be consistent with the public interest."
The Energy Department conducted an extensive, careful review of the application
to export LNG from the Dominion Cove Point LNG Terminal. Among other factors,
the Department considered the economic, energy security, and environmental
impacts - as well as public comments for and against the application and nearly
200,000 public comments related to the associated analysis of the cumulative
impacts of increased LNG exports - and determined that exports from the
terminal at a rate of up to 0.77 Bcf/d for a period of 20 years was not
inconsistent with the public interest.
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