Dominion Energy’s Cove Point terminal in Maryland shipped its first commercial cargo of liquefied natural gas Monday April 16, officially bringing the total number of US exporters of the super-chilled fuel to two.
Lusby/USA (Bloomberg) — The company last week said the facility was finally poised to send gas under long-term contracts after more than three years of construction, joining Cheniere Energy’s Sabine Pass terminal.
Cove Point’s startup is accelerating America’s emergence as an LNG powerhouse that’s 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 Monday, bound for the Suez Canal, according to ship tracking data compiled by Bloomberg.
Dominion has agreements to sell gas to Gail India and a joint venture of Sumitomo and Tokyo Gas, but LNG cargoes are sometimes resold in transit.