LNG exports from US set to stir up global markets

[NEW YORK] The US natural gas boom is poised to go global as the government approves projects that will export the fuel to buyers from Tokyo to New Delhi.

Dominion Resources' Cove Point terminal in Maryland won authorisation on Sept 29 from the US Federal Energy Regulatory Commission to ship liquefied natural gas.

It's the fourth export project to win permission and the first outside the Gulf of Mexico. Construction will cost between US$3.4 billion and US$3.8 billion, Dominion said.