Cove Point LNG to Begin Exports to Japan, India Next Year

Dominion Energy said October 31 its Cove Point LNG plant in Maryland is 75% complete and on schedule to begin exports to India and Japan late-2017.

The company has deals with Indian Gail and Japanese Sumitomo. The gas will be sourced by Gail and Sumitomo themselves and the two entities will pay to use the plant. The plant will have a capacity of 5.25mn mt/yr of LNG. Both companies will be able to export 2.3mn mt/yr.

The Japanese trading firm will supply gas to Tokyo Gas and Kansai Energy. In 2013, Cabot Oil & Gas said it will supply 350,000mn Btu/d of LNG to Pacific Summit Energy, a wholly owned subsidiary of Sumitomo, for a period of 20 years. The gas will come from Cabot’s Marcellus Shale position and sales will commence when the Dominion Cove Point LNG liquefaction project starts up in 2017.

Cove Point map (Credit: Dominion)

Shardul Sharma