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Gold/Mining/Energy : LNG -- Ignore unavailable to you. Want to Upgrade?


To: Dennis Roth who wrote (80)2/12/2004 10:16:08 AM
From: Dennis Roth  Read Replies (2) | Respond to of 919
 
Cheniere Energy LNG slide show from Keynote at UBS Natural Gas & Electric Utilities Conference 02-11-04
cheniere.com



To: Dennis Roth who wrote (80)12/8/2004 8:39:40 AM
From: Dennis Roth  Respond to of 919
 
Dominion Puts Fifth Tank in Service at Cove Point, Increasing LNG Storage to 7.8 Billion Cubic Feet
prnewswire.com
RICHMOND, Va., Dec. 8 /PRNewswire-FirstCall/ -- Dominion (NYSE: D) has
placed a new liquefied natural gas storage tank in service at Dominion Cove
Point in Maryland, increasing on-site storage from the equivalent of 5 billion
cubic feet to 7.8 billion cubic feet of natural gas. The new tank holds
135,000 cubic meters of LNG, which is approximately equivalent to 2.8 billion
cubic feet of natural gas.
(Logo: newscom.com )
(Photo: newscom.com )
"Increased storage gives shippers the added flexibility needed to reliably
provide natural gas in the Mid-Atlantic and Northeast year-round," said Thos.
E. Capps, Dominion's chairman and chief executive officer. "I'm particularly
proud that our staff was able to complete the project nearly three months
ahead of schedule so we could provide service during the coming winter
months."
The new tank is the final step in the re-commissioning and expansion of
the import terminal undertaken by Dominion in 2003. In its first year of
service, Dominion Cove Point delivered 187 billion cubic feet of natural gas.
Dominion has proposed an additional expansion of the facility scheduled
for 2008, which would increase output capacity from 1 billion cubic feet per
day to 1.8 billion cubic feet per day, and storage capacity from 7.8 billion
cubic feet to 14.6 billion cubic feet.
LNG provides a safe and efficient way of transporting and storing natural
gas, as it is stored at about minus 260 degrees Fahrenheit at near atmospheric
pressure. The new tank has a 9 percent nickel steel inner tank surrounded by
about four feet of insulation, which is contained by an outer steel tank. LNG
is non-toxic, non-explosive and non-flammable in its liquid state and will
burn only after it has been re-gasified and mixed in the proper proportion
with air. Dominion Cove Point is one of four operating import facilities in
the U.S., and the U.S. has the largest number of active LNG facilities in the
world, with over 110 locations.
Dominion is one of the nation's largest producers of energy, with an
energy portfolio of about 25,500 megawatts of generation, 6.4 trillion cubic
feet equivalent of proved natural gas reserves and 7,900 miles of natural gas
transmission pipeline. Dominion also operates the nation's largest
underground natural gas storage system with more than 960 billion cubic feet
of storage capacity and serves retail energy customers in eight states. For
more information about Dominion, visit the company's Web site
at dom.com .

SOURCE Dominion



To: Dennis Roth who wrote (80)12/10/2004 7:20:48 PM
From: Dennis Roth  Respond to of 919
 
Dominion completes Cove Point LNG terminal expansion, proposes another
ogj.pennnet.com


By OGJ editors

HOUSTON, Dec. 9 -- Dominion, Richmond, Va., has completed the recommissioning and expansion of the Dominion Cove Point LNG import terminal in Maryland that it began in 2003 and has proposed another expansion.

The company placed into service, 3 months ahead of schedule, a new, 135,000 cu m capacity LNG storage tank at the terminal, bringing the total number of tanks at the site to five. The new tank holds the equivalent of 2.8 bcf of natural gas, increasing on-site storage to the equivalent of 7.8 bcf of gas.

Dominion's proposal for an additional expansion, scheduled to be in service in 2008, would increase output capacity to 1.8 bcfd from 1 bcfd and storage capacity to 14.6 bcf (OGJ Online, June 14, 2004). Facilities would include two additional storage tanks, additional vaporization and electrical equipment, and pipelines. The terminal will flow the additional gas through 47 miles of looped pipeline in Maryland and 88 miles of pipeline to be laid in Pennsylvania along with two compressor stations at Leidy, Pa.

Construction on the 3-year project will begin as soon as regulatory approvals are received, said Dominion spokesman Dan Donovan.

Dominion purchased the Cove Point terminal from Williams Cos. in 2002 and restarted operations in mid-2003, delivering 187 bcf of natural gas in its first year of renewed service.



To: Dennis Roth who wrote (80)12/20/2004 11:40:20 AM
From: Dennis Roth  Respond to of 919
 
CB&I Wins Major U.S. LNG Expansion Project
December 20, 2004 08:00 AM US Eastern Timezone
home.businesswire.com

THE WOODLANDS, Texas--(BUSINESS WIRE)--Dec. 20, 2004--CB&I (NYSE:CBI) has been awarded a lump-sum turnkey contract for a liquefied natural gas (LNG) terminal expansion project located near Lusby, Maryland. This import terminal, one of the largest LNG facilities constructed by CB&I in the United States, is owned and operated by Dominion Cove Point LNG, LP, a subsidiary of Dominion (NYSE:D), one of the largest U.S. energy producers.

CB&I's scope of work for the Cove Point Expansion Project includes the engineering, procurement, construction and commissioning of an additional 800 million standard cubic feet per day (SCFD) of regasification and sendout process equipment; gas turbine generation; two 160,000 cubic meter LNG storage tanks; and new administration, control and maintenance buildings and all ancillary systems.

The project will increase the facility's sendout capacity from 1 billion SCFD to 1.8 billion SCFD, and nearly double storage capacity from 7.8 billion cubic feet to 14.6 billion cubic feet of natural gas. CB&I is supporting Dominion with the permit filing process with the U.S. Federal Energy Regulatory Commission (FERC) and has been released to begin engineering and procurement on the project. Field construction is scheduled to commence upon receipt of required regulatory approvals, with completion expected in late 2008.

CB&I built the original four LNG storage tanks at Cove Point, as well as a recently completed fifth LNG storage tank, which was completed ahead of schedule. Put into commercial operation earlier this month, the new 135,000 cubic meter tank increased the terminal's storage capacity from 5 billion cubic feet to 7.8 billion cubic feet of natural gas.

"We are pleased that Dominion has chosen to continue their relationship with CB&I for the further expansion of the Cove Point terminal," said Gerald M. Glenn, CB&I's Chairman, President and CEO. "We will draw upon our decades of LNG experience to complete the expansion project safely and on schedule without impacting the terminal's ongoing operations. We are proud of our continuing role in helping to provide much needed natural gas supplies in the Mid-Atlantic and Northeast."

CB&I is one of the world's leading EPC companies, specializing in lump-sum turnkey projects for customers that produce, process, store and distribute the world's natural resources. With more than 60 locations and approximately 10,000 employees throughout the world, CB&I capitalizes on its global expertise and local knowledge to safely and reliably deliver projects virtually anywhere. Information about CB&I is available at www.CBI.com.



To: Dennis Roth who wrote (80)9/14/2005 5:45:17 PM
From: Dennis Roth  Read Replies (1) | Respond to of 919
 
Statoil to Double Planned Capacity at Snohvit LNG Plant
Interfax Information Services, B.V. Wednesday, September 14, 2005
rigzone.com

Statoil plans to double planned capacity at a liquefied gas plant at the Snohvit field by 2012, Henrik Carlsen, the Norwegian oil and gas company's senior vice president, said at the RAO/CIS OFFSHORE 2005 conference.

At around the same time, he said, Russia would bring the Prirazlomnoye field on stream and the first LNG sourced at the Shtokman field would be delivered to the United States.

Statoil plans to start developing the Snohvit field, which is on its Barents Sea shelf, in October 2006. It will launch an LNG plant to process the gas in December 2006.

Statoil has submitted proposals on its participation in the Shtokman project to Gazprom and will seek a 25% interest in the project, offering Gazprom 10% of the Snohvit project. Statoil is also thinking about letting Gazprom use the Statoil Cove Point regasification terminal in the United States.



To: Dennis Roth who wrote (80)10/28/2005 3:19:54 PM
From: Dennis Roth  Respond to of 919
 
Cove Point Expansion Project receives favorable Draft Environmental Impact Statement
ferc.gov



To: Dennis Roth who wrote (80)4/28/2006 3:22:13 PM
From: Dennis Roth  Respond to of 919
 
Dominion Cove Point Expansion Project receives favorable Final Environmental Impact Statement

FERC staff issues Final Environmental Impact Statement on Dominion Cove Point Expansion Project (Docket Nos. CP05-315-000 et al.)
Issued: April 28, 2006
ferc.gov



To: Dennis Roth who wrote (80)10/6/2006 1:28:28 PM
From: Dennis Roth  Respond to of 919
 
Dominion, Statoil Break Ground for Cove Point LNG Expansion
sev.prnewswire.com

LUSBY, Md., Oct. 5 /PRNewswire-FirstCall/ -- Dominion (NYSE: D) and Statoil ASA (NYSE: STO) officially broke ground Thursday on an expansion project that will significantly increase capacity and storage at the Dominion Cove Point liquefied natural gas facility in southern Maryland.

"Today we recognize the hard work that led to this ceremony as well as the very bright future for our expansion, the millions of customers that will benefit from this new source of natural gas and our partnership with Statoil," said Dominion Transmission President Gary L. Sypolt. "While this day marks the official start of construction, we began turning dirt in August immediately upon receiving approval. This expansion means Cove Point will continue to provide clean, reliable, affordable energy for Southern Maryland and the region."

"Dominion Cove Point is a critical cornerstone for our expanding position in the U.S. natural gas market," said Rune Bjornson, Statoil executive vice president. "This facility gives us access to one of the largest and most active markets in the world for natural gas."

Dominion and Statoil recently signed 20-year service agreements for the station expansion and increased pipeline capacity in Maryland and Pennsylvania. The service agreements begin when the expansion is activated. Work is scheduled for completion in fall 2008.

Dominion Cove Point's capacity will expand from 1 billion cubic feet a day to 1.8 Bcf per day, and storage capacity will increase from 7.8 Bcf to 14.6 Bcf. The project includes expanding the Dominion Cove Point pipeline in Maryland and adding a pipeline and storage capacity in Pennsylvania.

The expansion will bring temporary construction and permanent operations jobs to Maryland and Pennsylvania. Economic studies predicted $61.1 million in benefits for Maryland and $48.9 million for Pennsylvania. Currently about 20 percent of the natural gas imported at Dominion Cove Point serves the needs of Maryland customers.

Dominion is one of the nation's largest producers of energy, with an energy portfolio of about 28,000 megawatts of generation, about 6.3 trillion cubic feet equivalent of proved natural gas reserves and 7,800 miles of natural gas transmission pipeline. Dominion also operates one of the nation's largest underground natural gas storage systems with more than 950 billion cubic feet of storage capacity and serves retail energy customers in 11 states. For more information about Dominion, visit the company's Web site at dom.com.

Statoil ASA has been a major player in the European gas market for more than 20 years. The company has a market share of some 10 percent and more than 20 percent market share in important gas consuming countries like Germany, France and Belgium. Statoil is technical and operational responsible for the world's biggest subsea gas pipeline system from the Norwegian continental shelf to Europe with a total length of some 6000 kilometres. For more information about Statoil visit the company's Web site at statoil.com.
Website: dom.com
Website: statoil.com