This article was originally published by TheStreet on Oct. 16, 2014
NEW YORK (TheStreet) -- Dominion Resources (D) is working to sell more liquefied natural gas to foreign buyers as a way of expanding into the export business.
The Virginia-based power and energy company is competing against several U.S. companies that want to expand exports, including Cheniere Energy (LNG) . So it's in Dominion's interest to increase exports by signing long-term agreements with buyers to use the LNG facility it's building in the Maryland even if those buyers later resell some or all of that product. Those foreign buyers include Japan's Tokyo Gas (TKGSY) and India's GAIL (GAILF) .
