Dominion (D) said it filed a lawsuit to confirm its right to construct a natural gas liquefaction project at its Cove Point liquefied natural gas terminal in Lusby, Md. The company said it filed a complaint for declaratory judgment in response to an erroneous claim by the Sierra Club that the club has the authority to block the project.
The plain language of a 2005 agreement, to which Dominion and the Sierra Club are parties, specifically permits all the activities related to the planned liquefaction project, Dominion said in a complaint filed with the Circuit Court of Calvert County, Md.
Once completed, the liquefaction project is expected to handle natural gas exports that would reduce the U.S. trade deficit by more than $2.8 billion per year. It also would generate directly and indirectly about $1 billion annually in additional federal, state and local government revenues.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.