Cove Point Begins Construction, Freeport Secures Financing

Japanese/Asian Customers Lock Up Capacity of Both Projects

With three years of governmental review and permitting out of the way, Dominion (ticker: D) announced today it has begun construction activities on its Cove Point LNG Export project on the western shore of the Chesapeake Bay in Maryland. The estimated price tag to add export capability to the LNG import facility is $3.4 billion to $3.8 billion.

Dominion’s export facility is targeted to begin operations in late 2017, a y...


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