Cove Point LNG jumps final hurdle
The US Department of Energy (DOE) has issued a final authorisation for Dominion Cove Point LNG, LP to export LNG to countries that do not have a Free Trade Agreement (FTA) with the US.
The terminal, located in Calvert County, Maryland, is authorised to export up to 0.77 billion ft3/d of natural gas, over a period of 20 years.
US federal law generally requires approval of natural gas exports to countries that have an FTA with the US. For non-FTA countries, the Natural Gas Act directs the DOE to grant export authorisations unless the proposed exports are “not [….] consistent with the public interest.”
Following an extensive review of the Dominion Cove Point LNG applications, the DOE considered the economic, energy security, and environmental impacts and determined that exports at a rate of up to 0.77 billion ft3/d for a period of 20 years was not inconsistent with the public interest.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquefaction/08052015/doe-grants-cove-point-non-fta-approval-713/
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