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Energy firm seeks to export US shale gas

Dominion Resources Inc is seeking federal approval to allow exports of liquefied natural gas from the booming Appalachian drilling industry as the US’s gas supply overhauls its demand.

The energy firm has applied to the US Department of Energy to allow 1 billion cubic feet per day of liquefied natural gas (LNG) to be exported through Dominion Cove Point terminal on the Chesapeake Bay in Lusby, Maryland.

The terminal is well situated to export gas from the prolific Marcellus Shale and the promising Utica Shale formations, Dominion‘s chairman and CEO, Thomas Farrell II, said in a statement.

“It is in our nation’s best interests to develop our natural resources responsibly and reliably,” Farrell said. “In the process, we will be able to improve the nation’s balance of trade.”

Dominion’s customers would be responsible for supplying the gas to the terminal and then shipping and selling it, said the firm.

Exporting LNG would involve building liquefaction facilities at Dominion Cove Point. Construction could begin in 2014 to enable service to start by the end of 2016, said Dominion.

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