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Major Expansion of Dominion Cove Point LNG Plant Will Bring Needed Gas Supplies To Mid-Atlantic, Northeast; Statoil Signs Letter of Intent to Contract New Capacity at Chesapeake Bay Facility.

Publication: PR Newswire
Publication Date: 11-FEB-04
Format: Online - approximately 662 words
Delivery: Immediate Online Access

Article Excerpt
Dominion announced today that it plans to nearly double capacity at its Dominion Cove Point liquefied natural gas plant in order to move more natural gas into high- demand Mid-Atlantic and Northeast markets. The terminal expansion project includes associated pipeline projects and would be completed late in 2008.



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Dominion also said it has signed a letter of intent with a subsidiary of Statoil ASA , a global gas and oil company, to contract for the new capacity. Under terms of the pending long-term agreement, Statoil will purchase firm LNG tanker discharge services...

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