Cove Point LNG Project in the US states of Maryland has started its commercial operation on April 9.
Tokyo Gas Co., Ltd. Chairman Michiaki Hirose, Sumitomo Corporation Chairman Kuniharu Nakamura, and The Kansai Electric Power Co., Inc., President Shigeki Iwane visited the newly constructed liquefaction facility. Furthermore, Thomas F. Farrell II, Chairman, President and Chief Executive Officer of Dominion Energy Inc., the parent company of the Project operator, Dominion Energy Cove Point LNG, LP, has also visited the plant and congratulate on the start of the Project.
ST Cove Point LLC, a joint venture established between Sumitomo Corporation and Tokyo Gas, will procure US-produced natural gas from Pacific Summit Energy LLC, a wholly-owned subsidiary of Sumitomo Corporation, and liquefy the natural gas at the natural gas liquefaction plant operated by Dominion and then export approximately 2.3 million tons of the produced LNG annually for twenty years. ST Cove Point will export 1.4 million tons per year to Tokyo Gas Group and 0.8million tons per year to Kansai Electric Group by PSE.
The meeting with Shinsuke J. Sugiyama, the Ambassador Extraordinary and Plenipotentiary of Japan to the United States of America, was held on April 11, the day before the visit to the plant. The ambassador commented the start of the Project is a great accomplishment in terms of the economic relationship between Japan and the U.S.
