Agreements concluded with America’s Dominion energy company have secured Statoil a fourfold increase in its access to liquefied natural gas capacity in the US market. This will be achieved by expanding the Cove Point LNG terminal in Maryland and associated pipeline transportation capacity on the American east coast. The deals give Statoil access to terminal, storage and pipeline transportation totalling about 10 billion cubic metres of gas per year. Running for 20 years from 2008-09, this compares with its present annual capacity at Cove Point of 2.4 billion cubic metres. Dominion’s expansion plans embrace two pipeline projects as well as capacity increases at the terminal. Collectively, this investment will give Statoil access to substantial natural gas markets along the US north-east coast.
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