The benefits of this project are expected to be far-reaching in terms of creating jobs and supporting the local, state and national economy. A study has shown that up to 4,000 jobs would be produced in the state of Maryland during the construction phase. Benefits to the natural gas and other industries would support another 14,600 jobs once the facility enters service. The project would produce an estimated $9.8 billion in royalty payments to mineral owners over 25 years. And, about $1 billion annually of additional federal, state and local government revenues would be generated directly and indirectly.U.S. House of Representatives Democratic Whip Steny Hoyer (5-MD) said, "I am pleased Dominion has moved forward to secure terminal agreements with two important trading partners. The proposed Cove Point LNG liquefaction project has the potential to make a significant contribution to Southern Maryland's economy. Today's announcement helps to ensure the project's viability and moves us closer to the job creation that its development is expected to bring to Calvert County and to Maryland."
Dominion Cove Point Liquefaction Project Moving Forward, Cements Front-Runner Status
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