LNG / CNG | Top Story
Dominion Secures Indian, Japanese Buyers for LNG
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Dominion Resources announced Monday it has secured buyers for essentially the entire capacity of the proposed plant at Cove Point, Md., which is tied directly by pipeline to Pennsylvania's Marcellus Shale gas field.
Dominion: Has fully subscribed the marketed capacity of the project with signed 20-year terminal service agreements. Pacific Summit Energy, LLC, a U.S. affiliate of Japanese trading company Sumitomo Corporation, and GAIL Global (USA) LNG LLC, a U.S. affiliate of GAIL (India) Ltd., have each contracted for half of the marketed capacity. Sumitomo in turn has announced agreements to serve Tokyo Gas Co. and Kansai Electric Power Co., Inc. GAIL is the largest natural gas processing and distributing company in India. Has awarded its engineering, procurement and construction (EPC)…Finish this article — free account or subscription
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