Dominion Resources Looks To Export LNG
Richmond, Va.-based Dominion Resources Inc. has applied to the Department of Energy to allow 1 Bcf/d to be exported through its Dominion Cove Point terminal in Maryland. The application seeks permission to exports LNG to any country with which the U.S. does not prohibit trade.
The terminal is well-situated to export gas from the prolific Marcellus Shale and the promising Utica Shale formations, said Dominion’s chairman and CEO, Thomas Farrell II. It would not actually own or directly export the liquefied natural gas, or LNG. Its customers would be responsible for supplying the gas to the terminal and then shipping and selling it, Dominion said.
The company is seeking approval for the shipments because the nation’s natural gas supply is surging while domestic demand is lacking. To export LNG, Dominion said it would have to add liquefaction facilities to the existing Dominion Cove Point terminal. Construction could potentially begin in 2014 and service could begin by the end of 2016.
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