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Two from Fort Worth appointed by Gov. Abbott to university boards

Steve Hicks, a University of Texas System regent who has been a vocal opponent of regents who have criticized the system’s flagship campus in Austin, was reappointed to the board by Gov. Greg Abbott on Thursday. 

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Fort Worth draws closer to deal with Lancaster developer

City staff are planning to introduce the developer Feb. 3 at a meeting of the City Council's Housing and Economic Development Committee.

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Compass BBVA names Happel CEO for Fort Worth

BBVA Compass has appointed Brian Happel, most recently the Fort Worth city president, its chief executive officer of Fort Worth.

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Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

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Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

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Dominion moves ahead with US gas export project

 

 

 

MATTHEW BARAKAT,AP Business Writer

McLEAN, Virginia (AP) — Hoping to capitalize on a boom in natural gas production in the U.S., an energy company is submitting a 12,000-page application to federal regulators to build a $3.4 billion plant in southern Maryland to export liquefied natural gas.

Richmond, Virginia-based Dominion Resources Inc. also announced Monday it has deals in place with energy companies in Japan and India to buy the gas that would be processed there.

Dominion wants to expand its existing Cove Point plant in Lusby, Maryland, to produce liquefied natural gas for export. The facility — already served by 88 miles (141 kilometers) of pipeline — would take advantage of the natural gas boom in the mid-Atlantic associated with the Marcellus and Utica shale formations.

Exporting gas allows it to be sold at a much higher price than on the domestic market, where gas is more abundant.

Some consumer advocates have opposed large-scale exportation of natural gas, saying it reduces the domestic supply and therefore increases prices for U.S. customers.

Environmentalists also oppose the plan, fearing harm to the Chesapeake Bay from pollution at the plant and raising concerns about wasted energy in chilling the gas to a liquid for exportation.

More broadly, environmentalists are concerned about the environmental impact from the process by which gas is extracted — called hydraulic fracturing, or fracking, which involves blasting mixtures of water, sand and chemicals deep underground to stimulate the release of gas.

The Sierra Club sued last year to try and block Dominion's plans for Cove Point, but in January a Maryland judge sided with Dominion. That ruling has been appealed.

Sierra Club spokeswoman Jenny Chang said the organization plans to closely review Dominion's application.

Pending approval, Dominion plans to start construction on the facility next year and begin liquefying gas for export in 2017.

 

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