Dominion files Cove Point LNG export update with FERC
Dominion filed a status report and progress on the construction of its Cove Point LNG export project to the Federal Energy Regulatory Commission.
According to the report, the project’s engineering is 74% complete while procurement is 77% complete.
The construction, which began at the end of October, 2014, is 1% complete. The company completed the worksite clearing and grading at two off-site locations.
During this period, the company commenced with the installation of temporary utilities, underground High-density Polyethylene (HDPE) pipe, removal and installation of the expansion joints of the LNG send out lines in the south tunnel, and the construction of the buttress wall (sheet pile installation) at the terminal. In addition, the concrete drilled shaft piles for the electrical rack north of Tanks F and G, two electrical manholes, the access road for the buttress wall, foundation for the Submerged Combustion Vaporizer (SCV) vault and tank, and installation erosion and sediment controls were completed.
The Cove Point LNG export project is estimated to cost between $3.4 billion and $3.8 billion. It is targeted to begin operations in late 2017.
Dominion has fully subscribed the marketed capacity of the project with 20-year service agreements with ST Cove Point, a joint venture of Sumitomo Corporation, Tokyo Gas and GAIL Global (USA) LNG.
LNG World News Staff; Image: Dominion