UPDATE 1-First vessel heads for Maryland Cove Point LNG export facility


UPDATE 1-First vessel heads for Maryland Cove Point LNG export facility

(Adds details on vessel and LNG background)

Dec 14 (Reuters) – The first liquefied vessel, the Maran Gas Delphi, was headed Thursday for Dominion Energy Inc’s D.N Cove Point LNG export facility in Maryland, a Reuters interactive map showed, with the facility expected to enter service by the end of the year.

Cove Point will be the second large LNG export terminal in the lower 48 U.S. states, after Cheniere Energy Inc’s Sabine Pass terminal in Louisiana, which exported its first cargo in February 2016.

The Maran Gas Delphi, which is currently entering the Chesapeake Bay, is expected to arrive at the $4 billion terminal later Thursday. It can hold about 3.3 billion cubic feet (bcf) natural gas.

One bcf is enough fuel for about 5 million U.S. homes.

With Sabine Pass, Cove Point and a couple of other export terminals under construction, the United States is expected to have the third-biggest LNG export capacity in the world by the end of 2018. LNG export capacity is expected to soar from 3.0 billion cubic feet per day (bcfd) now to 3.8 bcfd by the end of the year, 5.3 bcfd by the end of 2018 and 10.1 bcfd by the end of 2019. FACTBOX-Status of U.S. liquefied natural gas projects

ANALYSIS-After six decades, U.S. set to turn natgas exporter amid LNG boom

Graphic on expansion of global LNG gasification and regasification capacity

http://tmsnrt.rs/2mtY5CY Graphic on growing global natural gas demand

http://tmsnrt.rs/2mtP90z

^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>

Disclaimer:Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Let’s block ads! (Why?)