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First commercial LNG cargo from US east coast hits the seas

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Bloomberg are reporting that the first export of natural gas from the US East Coast has set sail.

Dominion Energy Inc.’s Cove Point terminal in Maryland shipped its first commercial cargo of LNG on 16 April, officially bringing the total number of US exporters of LNG to two. The company said the facility was finally poised to send gas under long-term contracts after more than three years of construction, joining Cheniere Energy Inc.’s Sabine Pass terminal.

Cove Point’s startup is accelerating the US’s emergence as an LNG powerhouse that is expected to challenge Australia and Qatar for worldwide dominance in the next five years. Three more export terminals may open on the Gulf Coast by 2019.

While Cove Point’s East Coast location could give it an edge in competition for exports to Europe, the first ship may be headed to Asia. The tanker Adam LNG left Cove Point early on 16 April, bound for the Suez Canal.

Dominion has agreements to sell gas to GAIL India Ltd. and a joint venture of Sumitomo Corp. and Tokyo Gas Co., but LNG cargoes are sometimes resold in transit.

Read the article online at: https://www.lngindustry.com/liquefaction/19042018/first-commercial-lng-cargo-from-us-east-coast-hits-the-seas/

 

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