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US Government Approves More LNG Export Projects

Dominion Resources Inc.'s Cove Point terminal in Maryland won authorization from the US Federal Energy Regulatory Commission to ship liquefied natural gas (LNG) around the world. It is the fourth export project to win permission and the first outside the Gulf of Mexico. Construction will cost between $3.4 billion and $3.8 billion, Dominion said Sept. 30. US supplies will compete with cargoes from Qatar and Australia, two of the biggest exporters, shifting global movements of the super-chilled fuel, according to a Bloomberg BNA analysis.

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