Monday, August 7, 2017

Making America Great Again -- August 7, 2017

Cove Point LNG, Maryland -- open for business -- later this year. Link here.
Dominion Energy said work on the Cove Point LNG export facility near Lusby, Maryland is 95 percent complete and on track to start service in the fourth quarter of 2017.

All of the major equipment has been set in place with the focus now turning on commissioning activities, Dominion said in its July report.

All of the five tower cranes used to transfer equipment onsite have been taken down and transported offsite, Dominion said, adding that all the barge loads and heavy haul deliveries have been transported.
Once it is completed, the liquefaction facility being built at its existing LNG terminal will have the capacity to produce 5.25 million metric tons of liquefied natural gas per year.

The production capacity has been fully subscribed with Pacific Summit Energy, a U.S. unit of Sumitomo Corporation, as well as with GAIL Global (USA) LNG, a U.S. unit of India’s utility GAIL, under 20-year terminal service agreements.
According to this site, it appears that the US will increase LNG exports from almost zero in 2016 to almost 4 trillion cubic feet by 2020 (if I'm reading the graph correctly).

If I did the math correctly, 4 trillion cubic feet LNG equals about 80 million metric tons LNG. Of that 80 million metric tons, Cove Point will account for 5.25 million metric tons (again, of course, if I did the math correctly). If you want to check the math, start with this data point: 1 million metric tons LNG = 48.7 billion cubic feet NG.

Whether or not I'm reading the graph correctly or if I did all the math correctly, at least I have a feel for the size of Cove Point vs the total amount of LNG the US will export in the out years.

The Movie Page

Wow, wow, wow. I never expected this. This was supposed to be the summer blockbuster -- The Dark Tower.

It looks like a phenomenal dud -- The Guardian.

No comments:

Post a Comment