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Dominion's Cove Point export project begins producing LNG

Published 01/31/2018, 03:14 PM
© Reuters.  Dominion's Cove Point export project begins producing LNG
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  • Dominion Energy (D +0.7%) says production has started at its Cove Point liquefied natural gas export terminal in Maryland, the first natural gas export terminal on the U.S. east coast.
  • Royal Dutch Shell (LON:RDSa) is providing the natural gas needed for liquefaction during the commissioning process and will off-take by ship the LNG that is produced.
  • Cove Point will produce LNG for customers in Japan and India under 20-year take-or-pay contracts; the facility is expected to enter commercial service in early March.
  • Now read: Dominion Energy, Inc. 2017 Q4 - Results - Earnings Call Slides


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