BUG #13446: pg_dump fails with large tuples

The following bug has been logged on the website:

Bug reference: 13446
Logged by: CPT
Email address: cpt(at)novozymes(dot)com
PostgreSQL version: 9.3.5
Operating system: Linux, Ubuntu 12, 64-bit
Description:

It looks to me like pg_dump is limited to 1GB per row as a textual
representation.

# create table stringtest (test text);
CREATE TABLE
# insert into stringtest select repeat('A', (1024*2014*510));
INSERT 1
# alter table stringtest add test2 text;
ALTER TABLE
# update stringtest set test2 = test;
UPDATE 1
# \q

$

So far so good.... Now let's try to back this up using pg_dump:

$ pg_dump ... -t stringtest
...
pg_dump: Dumping the contents of table "stringtest" failed: PQgetResult()
failed.
pg_dump: Error message from server: ERROR: out of memory
DETAIL: Cannot enlarge string buffer containing 1051791361 bytes by
1051791360 more bytes.
pg_dump: The command was: COPY public.stringtest (test, test2) TO stdout;

This message then shows up in the server logs. It looks like maybe pg_dump
is limited to exactly 1GB textual representation?