Thursday, February 3, 2011

Dominion Looking at East Coast LNG Export

In its recent investor conference call, Dominion Resources mentioned that the company is considering adding natural gas liquefaction capacity at its existing LNG import hub at Cove Point, Maryland to be able to export LNG.  No decisions have been made and the earliest an export facility could be online is 2015, but the location of the Cove Point facility is promising because of its proximity to the Marcellus Shale.

As with other LNG importers, activity at Cove Point has dropped significantly in recent years, down from 220 Bcf in 2005 to 43 Bcf in 2010.

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