September 30, 2014
By Susan Phillips
A federal regulatory agency has put the final stamp of approval on a plan to ship Pennsylvania’s Marcellus Shale gas overseas. The decision clears the way for construction to begin converting a former import terminal in the Chesapeake Bay to export liquefied natural gas.
More than five-million metric tons of liquefied natural gas will travel to Japan and India each year after it gets processed at Dominion’s Cove Point plant on Maryland’s Eastern Shore. This is the fourth export terminal approved by the Federal Energy Regulatory Commission, or FERC, to accommodate the country’s natural gas boom. It will be the first export plant connected to the Marcellus Shale gas fields.
American Petroleum Institute’s CEO Jack Gerard says an export market for shale gas will increase production in Pennsylvania.