Dominion gains U.S. approval to expand natural gas exports

• Dominion Resources (D +0.3%) receives Energy Department approval to export natural gas from its Cove Point terminal in Maryland to countries that don't have free trade agreements with the U.S.
• The department says Dominion is now conditionally authorized to export up to 770M cf/day of natural gas over a 20-year period.
• With the decision, the Obama administration has now authorized 6.37B cf of liquefied natural gas to be sold to non-free-trade nations.