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Dominion Energy Cove Point LNG export project continues commissioning work

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LNG Industry,

Dominion Energy is continuing with final commissioning work at its Cove Point LNG export facility in Lusby, MD, and looks forward to commercial operations early next year under the terms of previously negotiated 20-year contracts with ST Cove Point, which is the joint venture of Sumitomo Corporation and Tokyo Gas, and for GGULL, the US affiliate of GAIL Ltd.

All major equipment has been operated and is being commissioned following a comprehensive round of thorough testing and quality assurance activities. DECP's liquefaction facility has a nameplate capacity of 5.25 million tpy of LNG.

The characterisation of contract renegotiations is false. Conversations are ongoing with export customers in preparation for beginning commercial operations but there have been no changes in the contract terms since initial contract execution, and Dominion Energy does not intend to renegotiate contract terms in the future.

Construction of the liquefaction facility began in October 2014, following more than three years of federal, state and local permit reviews and approvals. With a cost of US$4 billion, it is the largest construction project ever thus far for Maryland and for Dominion Energy. Construction has involved more than 10 000 craft workers and a payroll of more than US$565 million.

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