Japan takes first LNG cargo from Dominion's Cove Point [Seeking Alpha]
Dominion Energy, Inc. (D)
Last dominion energy, inc. earnings: 2/11 07:30 am
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Source: Seeking Alpha
Japan takes first LNG cargo from Dominion's Cove PointJapan's Tokyo Gas receives itsfirst shipment of liquefied natural gas from Dominion Energy's (D+0.1%) newly completed Cove Point export plant in Maryland.The cargo is the first of 2.2M metric tons/year of LNG that Japanese companies are purchasing under long-term contracts from Cove Point, which Nicholas Browne, senior gas analyst at energy consultancy Wood Mackenzie, says "could not come at a more timely juncture for Japan" at a time of U.S.-Japan trade tensions.Tokyo Gas has a contract to buy 1.4M metric tons/year of LNG from Cove Point for 20 years, and Kansai Electric Power has contracted to take 800K metric tons/year.Click to subscribe to real-time analytics on DNow read:Recent Purchase: Dominion Energy »
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